SBI Cards trades higher for fifth straight day; stock up 11% in a week

SBI Card's top management said that the Q4FY21 spending recovered to pre-Covid levels with a higher share of online spending (more than 50 per cent), which management expects to continue

Shares of SBI Cards and Payment Services (SBI Cards) were trading higher for the fifth straight day, up 4 per cent at Rs 1,076.35 on the BSE in intra-day trade on Friday. The stock has surged 11 per cent in the past one week. In comparison, the S&P BSE Sensex has risen 3 per cent during the week. The stock was trading at its highest level since March 9, 2021. It hit a record high of Rs 1,149 on February 24.

SBI Cards is the leading issuer of credit cards in India. The company offers wide range of value-added