SBFC Finance share price extends gain after strong debut on Dalal Street. Buy, sell or hold?

The shares of SBFC Finance made their debut on the BSE at ₹81.99 per share, offering a substantial 44 percent listing premium to its initial allottees. Similarly, on the NSE, SBFC Finance IPO entered the market at ₹82 per share. The initial listing excitement didn\’t conclude there. The shares of SBFC Finance swiftly expanded their listing gains, surging to intraday highs of ₹93.26 on the BSE and ₹93.70 on the NSE.

Market experts predict a potential upward trajectory for SBFC Finance\’s share price, with projections reaching up to ₹105 per share. Therefore, allottees are advised to continue holding the stock to maximize their listing premium, keeping in mind a stop loss at ₹80 per share.

For those considering entering the market anew, stock analysts propose that only \”high risk traders\” should consider buying at current levels with a target of ₹105 per share. This strategy should be accompanied by a stop loss set at ₹87 per share.

Anubhuti Mishra, an Equity Research Analyst at Swastika Investmart, underlines SBFC Finance\’s attributes as a rapidly expanding non-banking financial company (NBFC) with strong earnings growth and consistent asset quality. However, it\’s important to note that the company is susceptible to fluctuations in interest rates and market cycles. Given the premium at listing, it might be wise to book profits, although more aggressive investors could opt for a longer-term hold.

Vaibhav Kaushik, a Research Analyst at GCL Broking, encourages those who received SBFC Finance shares in allotment to maintain their positions, as there\’s potential for the share price to reach triple digits due to a trend reversal on Dalal Street. Kaushik advises holding the stock for a near-term target of ₹105 per share while adhering to a strict stop loss at ₹80 per share.

For individuals who missed out on obtaining SBFC Finance shares through the allotment process, Vaibhav Kaushik of GCL Broking suggests that only high risk traders and investors consider buying at current levels, with a recommended stop loss at ₹87. Their short-term goal would be to reach ₹105 per share.

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