SBI CARDS IPO: Don't panic its not a repeat of Reliance power.

SBI Cards most awaited IPO of 2020 opened flat and touched the level of 660, due to COVID-19 and weak global condition market selling the share didn't start well on 16th March 2020. Still, market gurus are confident that this share will bounce back soon.

SBI Cards IPO many felt is like Reliance Power. Yes Reliance power IPO too got the same hype at that time, people were getting 10,000 in the black market, and then that share opened flat and never recovered. Will that happen with SBI Cards?

Well, we will say you don't panic SBI Cards is totally different from Reliance Power, it has listed with the fair price, so it wants to go down like Reliance power. Even in the critical market condition, we are seeing SBI Cards is holding its value in the market over 700, which shows that this share will surely bounce back.

In 2008 global slow down was there this time situation too is not similar yes there is a big scare of Coronavirus, but we can expect good market condition in 15 to 20 days till then people need to hold these share.

Hope situation which has deteriorated due to COBID-19 virus improves worldwide, and market and tourism become normal else we will see history's most significant slowdown in business.