SBFC Finance share price extends gain after strong debut on Dalal Street. Buy, sell or hold?
₹81.99 apiece levels, delivering around 44 per cent listing premium to its allottees. On NSE, SBFC Finance IPO listed at ₹82 per share levels. However, the newly listed share didn't end here only.
SBFC Finance shares soon extended its listing gain and went on to hit intraday high of ₹93.26 on BSE and ₹93.70 on NSE. According to stock market experts, SBFC Finance share price may further ascend and went up to ₹105 apiece levels. So, allotters are advised to hold the stock further for maximising one's listing premium.
However, they advised them to hold the stock with stop loss at ₹80 apiece levels. For fresh entry, stock analysts suggested ‘only high risk traders’ to buy at current levels for ₹105 per share target maintaining stop loss at ₹87 levels. On SBFC Finance IPO post-listing view, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart said, “SBFC Finance stands out as a rapidly expanding non-banking financial company (NBFC) with robust earnings growth and stable asset quality.
However, it bears the vulnerability of being sensitive to interest rates and market cycles, so in this market, after listing at such a premium, one should book profit, however aggressive investors may hold it for the long term." Advising allottees to hold SBFC Finance shares further, Vaibhav Kaushik, Research Analyst at GCL Broking said, “SBFC Finance share price may hit triple digit on trend reversal on Dalal Street. So, my suggestion to SBFC Finance share allottees to hold the scrip further for near term target of ₹105. However, one must maintain strict stop loss at ₹80 per share levels while holding the stock for ₹105 target." On suggestion to those who missed to get SBFC Finance shares through allotment process, Vaibhav Kaushik of
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