Explained: Why SBI Cards shares fell on the stock market today

Shares of the SBI Cards and Payments Services fell as much as 6.27 per cent to Rs 985 before paring some losses. At 2:15 pm, SBI Cards and Payment Services was trading at 1,005.20 per share, down 4.44 per cent. Find out why shares of the listed credit card issuer fell.

Shares of SBI Cards and Payment Services plunged over 6 per cent on the stock market on Friday during early trade hours. The shares of the SBI Cards and Payment Services fell as much as 6.27 per cent to Rs 985 before paring some losses. At 2:15 pm, SBI Cards and Payment Services was trading at 1,005.20 per share, down 4.44 per cent.