SBI Cards Achieves 52-Week High Amid Strong Market Momentum and Sector Outperformance

Apr 21 2025 09:37 AM IST
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SBI Cards & Payment Services has achieved a new 52-week high of Rs. 917.3, reflecting strong performance with an 8.57% gain over the past five days. The stock is trading above key moving averages, while the broader market, including major indices, also reached new highs. Over the past year, SBI Cards has outperformed the Sensex significantly.
SBI Cards & Payment Services has made headlines today as its stock price reached a new 52-week high of Rs. 917.3. This milestone reflects a significant upward trend, with the stock outperforming its sector by 0.76%. Over the past five days, SBI Cards has shown a robust performance, gaining 8.57% in returns, indicating a consistent upward trajectory.

The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting strong momentum in its price action. In the broader market context, the Sensex opened positively, gaining 349.89 points and currently trading at 79,054.16, up by 0.64%. Notably, several indices, including S&P BSE Finance and NIFTY FINANCE, also reached new 52-week highs today.

Over the past year, SBI Cards & Payment Services has delivered a commendable performance, with a return of 25.38%, significantly outpacing the Sensex's 8.18% gain. The stock's previous 52-week low was recorded at Rs. 649, highlighting its impressive recovery and growth in the current market environment.
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