The Second-Leading Player in Credit Card Business- SBI Cards and Payment Services has not performed well in the past few periods and has degraded by more than 20% from its All-Time High Levels. What are the reasons behind this fall in stock price and what should shareholders do, let’s discuss this all in this article.
As of now, an investor should follow the wait and watch principle, where he/she should look at the impact of this decision on the financials of the company. The Credit Card Industry in India is highly underpenetrated and hence there is ample amount of opportunity available for the credit card company to grow. As of now, this stock price fall looks like a short-term hiccup and nothing more.
Originally Published On: https://blog.investyadnya.in/why-sbi-cards-stocks-price-is-falling/