- SBI Cards opened at ₹661 at a discount of 12.45% from issue price (₹755).
- The share touched ₹754.96 in the first hour but failed to cross the issue price by a mere 4 paisa.
- For the rest of the trading day, it fell gradually to close at ₹678.95. This close is 9.95% lower than the issue price.
It is clear that coronavirus fears among investors have taken its toll on the 2nd largest cards issuer- SBI Cards.