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SBI Cards unveils festive season offers; stock up 4%, hits new high

The stock surpassed its previous high of Rs 867.50, hit on September 30, 2020

This decade-old Sebi guideline is holding up much-awaited SBI Cards IPO
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SI Reporter Mumbai
Shares of SBI Cards and Payments rose 4 per cent and hit a new high of Rs 892 on the BSE on Wednesday in an otherwise weak market after the company said it has kick-started festive season offers in line with the changing shopping trends and customers will be offered discounts as well as cashback across a host of brands.

The State Bank of India (SBI)-promoted company's stock traded at the highest level since its listing on March 16, 2020. It surpassed its previous high of Rs 867.50, hit on September 30, 2020.

SBI Cards is a non-banking

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