SBI Card gains 4%, hits new high ahead of December quarter results

In the past one month, SBI Card outperformed the market by gaining 23 per cent, as compared to 6 per cent rise in the S&P BSE Sensex

Shares of SBI Cards and Payment Services hit a new high of Rs 1,002, up 4 per cent on the BSE on Wednesday ahead of the announcement of December quarter results, on Thursday. The stock surpassed its previous high of Rs 1,002, touched January 7, 2021.

Last week, SBI Card informed the stock exchanges that the company's board of directors is scheduled to meet on January 21, 2021 to consider and approve the unaudited financial results of the company for the quarter and the nine months ended December 31, 2020.

In the past one month, SBI Card outperformed