SBI Card shares slip after Q1 net profit falls 5% - should you buy, sell or hold stock?
SBI Card share price NSE, SBI Card share price target 2023: SBI Card shares slipped in morning deals on Monday, after the card issuer reported a 5 per cent year-on-year drop in net profit to Rs 593 crore for the June quarter.
SBI Card share price NSE, SBI Card share price target 2023: SBI Card shares slipped in morning deals on Monday, amid selling pressure in benchmark indices Sensex and Nifty50, after the SBI-promoted card issuance company reported a 5 per cent year-on-year drop in net profit to Rs 593 crore for the June quarter.
The stock fell as much as 3.7 per cent to Rs 825.2 apiece on NSE. SBI Card shares finished down 0.14 per cent at Rs 856 apiece on NSE.
SBI Card Q1 results
After market hours on Friday, the company reported a net profit of Rs 627 crore for the April-June period. Its total income came in at Rs 4,046 crore for the June quarter as against Rs 3,263 crore for the corresponding period a year ago. Read more on SBI Card Q1 earnings
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