SBI Cards hits 52-week low, stock down 26% from its 52-week high

The stock hit a 52-week low at Rs 858.45, quoting lower for the fourth straight day on the BSE.

Shares of SBI Cards and Payment Services (SBI Cards) hit a 52-week low of Rs 857.15 after declining 1 per cent on the BSE in Thursday’s intra-day trade. However, it recovered marginally to end the session at Rs 861 apiece. Its previous low was Rs 860.05 apiece hit on December 20.

This is the fifth straight day of decline for the stock of the finance company, and it has slipped 4 per cent during the period. It has corrected 26 per cent from its 52-week high of Rs 1,164.65 apiece touched on September 1. In comparison, the S&P BSE Sensex, has