SBI Cards Shows Recovery Amid Broader Market Trends and Sector Gains

Jan 14 2025 03:35 PM IST
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SBI Cards & Payment Services experienced a notable increase on January 14, 2025, reversing a three-day decline. The stock outperformed the Sensex and is currently trading above multiple moving averages, indicating a positive short-term trend. Over the past month, it has shown resilience compared to the broader market.
SBI Cards & Payment Services has shown a significant uptick of 3.0% on January 14, 2025, reversing a trend of three consecutive days of decline. The stock reached an intraday high of Rs 736.7, reflecting a gain of 3.18% during the trading session.

Currently, SBI Cards is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signaling a positive short-term trend. The stock's performance for the day was 2.84%, notably outperforming the Sensex, which posted a modest gain of 0.22%.

In the past month, SBI Cards has recorded a performance increase of 1.17%, contrasting with a decline of 6.86% in the Sensex. The broader Finance/NBFC sector also experienced gains, rising by 2.92% on the same day. This recent performance indicates a recovery phase for SBI Cards & Payment Services within the financial landscape.
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