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SBI Cards m-cap tops Rs 1-trillion; Five factors that are driving the stock

The firm's m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel

SBI Cards
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Shares of the firm hit fresh lifetime high of Rs 1,095 apiece today, up 3 per cent on the BSE, in an otherwise weak market.

Nikita Vashisht New Delhi
With a market-capitalisation (m-cap) of Rs 1.02 trillion, State Bank of India-arm SBI Cards and Payment Services on Friday stood at 34th position in the overall m-cap ranking, BSE data showed. The firm’s m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel.

With the government's push towards digitalization, coupled with developments in e-commerce and growth in POS infrastructure, the India is gradually shifting towards a cashless economy. This and recovery from the Covid-19 pandemic are some of the factors fuelling the rally in the stock price, analysts say.  

“With the focus now

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