SBI Cards Reaches New High Amid Broader Market Downturn and Mixed Sentiment

Apr 24 2025 01:36 PM IST
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SBI Cards & Payment Services has reached a new 52-week high, reflecting strong performance with consistent gains over the past eight days. The stock is trading above key moving averages and has outperformed the Sensex significantly over the past year, despite a broader market downturn.
SBI Cards & Payment Services has made headlines today as its stock price reached a new 52-week high of Rs. 930.45. This milestone comes amid a notable performance trend, with the stock outperforming its sector by 1.34%. Over the past eight days, SBI Cards has shown consistent gains, accumulating a total return of 9.63% during this period.

In terms of technical indicators, SBI Cards is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signaling a strong upward momentum. The company has demonstrated a robust one-year performance, achieving a return of 23.47%, significantly outpacing the Sensex, which has recorded an 8.12% increase over the same timeframe.

Despite the positive movement in SBI Cards, the broader market is experiencing a downturn, with the Sensex declining by 210.95 points to settle at 79,847.48. This negative trend follows a flat opening, indicating a mixed sentiment in the financial markets today. As the large-cap player in the finance/NBFC sector, SBI Cards continues to navigate these market dynamics effectively.
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