Shares of SBI Cards and Payment Services climbed 1.54% to ₹970.60 in early trade on Monday, after the company reported better-than-industry growth in card spends for the month of May and expanded its overall market share. The stock opened higher and touched an intraday high of ₹979.00, compared to a previous close of ₹955.90.
According to industry data, SBI Cards outperformed peers in terms of year-on-year growth in monthly credit card spends, signaling continued strength in customer acquisition and card usage. This growth translated into increased market share in overall card-based transactions during May.
At the current price, SBI Cards commands a market capitalization of ₹92,351 crore. The counter recorded a trading volume of over 1 million shares, with a price-to-earnings (P/E) ratio of 48.28 and a modest dividend yield of 0.26%.
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