SBI Cards lists 12% below issue price of Rs 755; recovers later

Shares of SBI Cards & Payment Services (SBI Cards) listed at Rs 661, 12.45 per cent below its issue price of Rs 755 on the National Stock Exchange (NSE) on Monday. On the BSE, it opened at Rs 658, 13 per cent lower against issue price.

The stock eventually ended at Rs 683 apiece on the BSE. 

The stock saw a weak debut due to prevailing market condition as the uncertainty regarding the effect of the coronavirus epidemic continued to keep investor sentiment in check. The benchmark indices Nifty50 and S&P BSE Sensex have declined 16.6 per cent since the