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The stock price took this development with positive sentiment. As per the last reported order balance status of the company, there was a decline of more than 50 per cent YoY in new order bookings, for the first quarter.

As per the press release on the stock exchanges, the bid for the project stands at the cost of Rs 1,905 crore. The stated project will have a completion period target of 24 months and its operational period will be 15 years from the date of completion.

SBI Cards is a credit-card division of the banking major State Bank of India. The shares took a negative turn after the company reported a sharp rise in its NPA’s. As per investor presentation, its ratio of stressed loan accounts stood over 16.5 per cent in the September quarter.

The amount of dividends is quite significant as this has come on the back of the expectation of a weak business environment. The record date published by the company is November 6, 2020.

The company has consistently reported strong business inflows over the past two quarters. At the end of the first quarter of the current fiscal, it reported its consolidated order book at Rs 305100 crore.