SBFC Finance Share Price Continues to Rise After Strong Debut on Dalal Street: Buy, Sell, or Hold?
SBFC Finance, a rapidly expanding non-banking financial company (NBFC), made a strong debut on Dalal Street, with its share price opening at ₹81.99 apiece on the Bombay Stock Exchange (BSE). This marked a listing premium of 44% for the allottees. On the National Stock Exchange (NSE), the SBFC Finance IPO listed at ₹82 per share. The stock didn’t stop there, as it continued to gain momentum throughout the day, reaching an intraday high of ₹93.26 on BSE and ₹93.70 on NSE.
According to stock market experts, SBFC Finance’s share price may further ascend and reach ₹105 per share. Allottees are advised to hold the stock to maximize their listing premium, with a recommended stop loss at ₹80 per share. For fresh entry, stock analysts suggest that only high-risk traders should consider buying at the current levels, with a target of ₹105 per share and a stop loss at ₹87.
Anubhuti Mishra, an equity research analyst at Swastika Investmart, highlights SBFC Finance’s robust earnings growth and stable asset quality. However, she also mentions that the company is sensitive to interest rates and market cycles. Therefore, after listing at such a premium, it is advisable to book profits. Nevertheless, aggressive investors may choose to hold the stock for the long term.
Vaibhav Kaushik, a research analyst at GCL Broking, advises allottees to hold SBFC Finance shares for a near-term target of ₹105, with a strict stop loss at ₹80 per share. He further suggests that only high-risk traders and investors should consider buying at current levels, maintaining a stop loss at ₹87, with a target of ₹105.
For those who missed out on the allotment process, Kaushik recommends that only high-risk traders and investors should buy at current levels, maintaining a stop loss at ₹87, with a near-term target of ₹105.
In conclusion, SBFC Finance’s share price has shown significant growth after its debut on Dalal Street. Investors are advised to carefully consider their risk profile and make informed decisions based on the recommendations provided.
