FPIs hike stake in SBI Cards for second quarter in a row; stock at new high

FPI holding in SBI Cards increased to 5.93 per cent in September quarter from 4.23 per cent at the end of June quarter

Foreign portfolio investors (FPIs) increased their stake in SBI Cards and Payment Services for second quarter in a row, buying an additional 16 million shares during July-September quarter (Q3CY20).

FPI holding in the company increased to 5.93 per cent in Q3CY20 from 4.23 per cent at the end of June quarter (Q2CY20), according to shareholding pattern disclose by the company. Foreign investors held 4.07 per cent holding in SBI Cards at the end of March quarter (Q1CY20) and 3.53 per cent as on listing day March 16, 2020. In the past six months, SBI Cards has rallied 81 per cent, as