Why SBI Cards share rose over 7% today
SBI Cards and Payment Services share zoomed to an intraday high of Rs 974.75, rising 7.61% against previous close. Market cap of the firm rose to Rs 91,550 crore on BSE
BusinessToday.In | April 16, 2021 | Updated 13:51 IST
SBI Cards and Payment Services share trades higher than 5 day, 20 day, 100 day and 200 day moving averages but lower than 50 day moving averages
SBI Cards and Payment Services share rose over 7% today after brokerage Macquarie expressed bullish stance on the firm. The brokerage also said SBI Cards and Payment Services was expected to become a major beneficiary of Citigroup s exit from retail banking operations in India.
SBI Cards share rises over 2% on plan to raise Rs 2,000 crore via debt
SBI Cards share touched an intraday high of Rs 1,090, rising 2.2% against previous close of Rs 1066.55 on BSE
BusinessToday.In | March 9, 2021 | Updated 11:25 IST
SBI Cards share trades higher than 20 day, 50 day, 100 day and 200 day moving averages but lower than 5 day moving averages.
Share price of SBI Cards and Payments Services gained over 2% in early trade after the firm said it plans to raise up to Rs 2,000 crore through the issuance of debt securities in one or more tranches. The company s board will take a final call on the proposal in its meeting on March 12.
SBI Cards and Payment Services share hit all-time high today, surpassing its previous record of Rs 1,040, hit on January 22 this year. SBI Cards stock touched an intraday high of Rs 1048.65, rising 2.34% against previous close of Rs 1024.65 on BSE.