• 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.

SBI Cards 1st day on nifty50- 30 Min chart
SBI Cards 1st day on nifty50- 30 Min chart

Leave a Reply

Your email address will not be published. Required fields are marked *