SBI Cards' m-cap surpasses Rs 1-trillion mark as stock hits new high

At 03:29 pm, SBI Cards recorded an m-cap of Rs 1.01 trillion and stood at 34th position in the overall ranking, BSE data showed

SBI Cards and Payment Services, on Thursday, joined the elite companies having market capitalisation (m-cap) of Rs 1 trillion after the company's stock price rallied 5 per cent to Rs 1,077, also its new high, on the BSE in the intra-day trade.

At 03:29 pm, SBI Cards recorded an m-cap of Rs 1.01 trillion and stood at 34th position in the overall m-cap ranking, BSE data show. On Wednesday, the company was at 37th position, having surpassed Tata Motors, Shree Cement and JSW Steel.

Thus far in the calendar year 2021, SBI Cards has outperformed the market by