The share price of SBI Cards and Payment Services Ltd. gained 0.84 per cent to Rs 732.35 at 11:06AM (IST) in Thursday’s trade. The counter has hit a high of Rs 741.6 and low of Rs 727.35 so far during the session. The stock had closed at Rs 726.2 in the previous session. The counter has had a total traded volume of 50290 shares so far with a value of Rs 3.69 crore on the NSE. It traded at a price-to-earnings multiple of 29.48 and a price-to-book ratio of 7.12. A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a…
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