SBI Cards Shows Strong Momentum with Consecutive Gains Amid Market Trends

SBI Cards & Payment Services has experienced a notable increase of 3.4% on January 16, 2025, outperforming its sector by 1.08%. This positive trend marks the stock's third consecutive day of gains, contributing to a total return of 6.02% during this period. The stock reached an intraday high of Rs 758.8, reflecting a rise of 3.03%. In terms of technical performance, SBI Cards is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. On a broader scale, the stock achieved a 1-day performance of 3.54%, significantly surpassing the Sensex, which gained only 0.42%. Over the past month, SBI Cards has demonstrated resilience with a performance of 4.71%, in contrast to the Sensex's decline of 5.76%.