SBI Cards Share Price History & Returns (2020 To 2024)
Show Table of Contents
Table of Contents
- 1: SBI Cards Share Highlights
- 1.1: 52-Week High Low
- 1.2: All Time High
- 2: Short Info About SBI Cards
- 3: SBI Cards Recent Performance
- 4: SBI Cards Share Price Chart From 2020 to 2024
- 5: SBI Cards Share Price History Table From 2020 to 2024
- 6: Analyzing the Impact of Investing in SBI Cards
- 6.1: SBI Cards Share Returns In Last 5 Years
- 6.2: SBI Cards Share VS FD (Normal) VS FD (Compounding)
SBI Cards Share Highlights
As of Mon 01 Jul 2024, SBI Cards Share price is ₹723 which is ₹169.84 below 52-week high of ₹892.84 and ₹75.05 above 52-week low of ₹647.95
52-Week High Low
- SBI Cards 52-Week High is ₹892.84 occured on Tue 08 Aug 2023
- SBI Cards 52-Week Low is ₹647.95 occured on Tue 04 Jun 2024
All Time High
- The all-time high or the highest price that SBI Cards shares have ever touched was ₹1,165 and this occurred on Wed 01 Sep 2021.
- The highest closing price at which SBI Cards shares have ever closed was ₹1,140.75 recorded on Mon 18 Oct 2021.
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Short Info About SBI Cards
SBI Card: A Success Story of Partnership, Innovation, & Customer Delight
In today’s technologically advanced world, many people have bought products/paid bills online. One thing that enticed almost everyone, the main reason for having multiple credit cards, was to get the offers available to specific credit card holders. The modern-day credit cards can be traced to the 1950s, and in just a few decades, they became an integral part of the banking system. SBI Cards and Payment Services Ltd has been in the business for over 2 decades and provides such services with great offers for many renowned brands.
May 1998
SBI Cards and Payment Services Ltd. was incorporated.
March 2020
It was listed on the Indian stock market.
Credit cards are provided mainly by unlisted subsidiaries of banks/financial institutions. Still, it is the only listed credit card company in India & took only 7 years to reach the 2 million card base. Later, it started providing co-branded credit cards, starting with Indian railways, which has shown fabulous results in gaining new customers.
It has divided its credit card business into personal and corporate business. In the personal category, it provides cards for lifestyle, reward, shopping, travel and fuel, etc. In the corporate category, it provides cards for corporate, central travel, utility, etc.
It holds 2nd place amongst the credit card providers. It has received several awards for its excellence in customer support, technological advancement and innovative products. Various indices have it as its constituent, such as the Nifty 100, Nifty Financial Services, etc.
The coronavirus pandemic effect hit it one year later as its profits dropped by over 20%, and the NPAs increased by over 100%. Let’s review its share price history to see how it created wealth for its investors.
SBI Cards Recent Performance
Over the past 25 trading days, the value of SBI Cards's stock has increased by ₹20.21 (+2.88%). On 27 May 2024, its one share was worth ₹702.79 and by 01 Jul 2024, the value jumped to ₹723.00. During this period it created a highest high of ₹739.65 and lowest low of ₹647.95.
Below Image represents line chart of daily close price of SBI Cards, helping you visualize how the price has changed day by day.
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SBI Cards Share Price Chart From 2020 to 2024
SBI Cards Share Price History Table From 2020 to 2024
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| Year | SBI Cards | YOY Chg% | ↑High - ↓Low |
|---|---|---|---|
| 2020 | ₹850.75 | - | ↑ ₹918 ↓ ₹495 |
| 2021 | ₹928.00 | 9% | ↑ ₹1164 ↓ ₹847 |
| 2022 | ₹794.95 | -14.4% | ↑ ₹1028 ↓ ₹656 |
| 2023 | ₹759.65 | -4.5% | ↑ ₹933 ↓ ₹695 |
| 2024 | ₹723.00 | -4.9% | ↑ ₹729 ↓ ₹722 |
Analyzing the Impact of Investing in SBI Cards
SBI Cards Shares price in the year 2020 was ₹850.75. If you had invested ₹10,000 in SBI Cards Shares in 2020, in 4 years, your investment would have reduced to ₹8,498 by the end of 2024. This represents a negative return of -15.1% from 2020 to 2024, with a compound annual growth rate (CAGR) of -4%.
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Also Read: Force Motors Year Wise Share Price History From IPO to 2024
SBI Cards Share Returns In Last 5 Years
- Its highest share price in the last 5 years was: ₹1,164.65 and lowest was: ₹495.25
- SBI Cards Shares price in 2020 was ₹850.75
- By 2024, its share price dropped to ₹723
- It gave a negative return of over -16% with a CAGR of -4% over the last 5 years
- If you had invested ₹10,000 in SBI Cards in 2020 then in 5 years, your investment would have declined to ₹8,498 by 2024.
SBI Cards Share VS FD (Normal) VS FD (Compounding)
You might wonder which option is better: shares, fixed deposits (FDs) or compounding FDs. Let’s compare them and see how they differ.
- Shares: Units of ownership in a company can benefit from its profits or losses.
- FDs: Deposits you make with a bank or a financial institution for a fixed time and at a fixed interest rate.
- Compounding FDs: Similar to FDs but with one difference: the interest is reinvested into the principal amount instead of being paid out.
If you invested ₹10,000 rupees each in these 3 options in :
| Year | SBI Cards Investment | FD Normal Investment | FD Compond Investment |
|---|---|---|---|
| 2020 | ₹10,000 | ₹10,000 | ₹10,000 |
Then today, your investment would have become this much in each option: | |||
| 2024 | ₹8,473.91 | ₹12,400 | ₹12,624.76 |
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For more insights into SBI Cards, explore these additional resources:-
Reference:
- SBI Cards and Payment Services Ltd. SBI Cards – About company
- SBi Cards and Payment Services Ltd. SBI Cards – Annual report FY23
- Wikipedia SBI Cards – Wiki
