SBI Cards – Only Listed Player in Credit – Available 34% Below IPO price – Value Buy or More pain Coming??

💢 SBI CARDS & PAYMENT SERVICES 💢

Cmp – 501

IPO PRICE – 755

MARKET CAP – 47400 cr
BOOK VALUE – 39
52wk HIGH/LOW -769/510
5 Year HIGH/LOW – N.A
FACE VALUE – 10
DIVIDEND YIELD – N A

Listed 13% Below IPO price.Also Tested new LOWS of 501.No much price history as its newly listed.Much Hyped IPO Now available at 34% discount from its IPO price of 755.

Those who looking for longterm Can start accumulating stock as per Individual Risk reward.Below 486 stock can TEST 450/430 also

Trading Bet – One can keep S/L of 2% which workouts to be around 488-490 zone And can expect 530/540/550+.Risk Reward seems favourable.

Disc – All views expressed are personal and only for Educational and study purpose.consult your financial advisor before investing or taking any position based on above article. This in not any Buy/Sell Recommendation.Its purely for Educational purpose only.