SBI Cards hits new high since listing; stock rallies 73% from March-low

SBI Cards is the second-largest credit card issuer in India.

Shares of SBI Cards and Payment Services moved higher by 4 per cent to Rs 855.55 on the BSE in the intra-day trade on Friday, gaining 6 per cent in the past two trading days. The stock of State Bank of India (SBI)-promoted company traded at the highest level since its listing on March 16, 2020. It surpassed its previous high of Rs 855, hit on September 3, 2020. With the past two days' gain, the share price of SBI Cards has rallied 73 per cent from its low of Rs 495.25, touched on May 22, in the intra-day trade.

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