SBFC Finance stock price opened on BSE at $81.99 per level, which brings about 44% of the listing fee to allotted people. On NSE, SBFC Finance IPO listed at $82 per stock level. However, newly listed shares do not stop here. SBFC Finance shares soon extended their listing gains and continued to hit an intraday high of $93.26 on BSE and $93.70 on NSE.
According to stock market experts, the share price of SBFC Finance can go higher and up to $105 sliver levels. Therefore, distributors should hold the stock further to maximize one’s listing fee. However, they recommend holding the stock with a stop loss at $80 fragment levels. For new entry, stock analysts recommend ‘only high risk traders’ to buy at current levels for $Target 105 per share maintaining stop loss at $87 levels.
SBFC Finance stock price target
Regarding SBFC Finance’s post-IPO listing, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart said, “SBFC Finance stands out as a non-banking finance company (NBFC). is expanding rapidly with strong earnings growth and stable asset quality. However, it is vulnerable due to its sensitivity to interest rates and market cycles, so in this market, after listing at such a high price, one should take profits, however investors Positive can hold it for long time.”
Vaibhav Kaushik, Research Analyst at GCL Broking, said: “The share price of SBFC Finance could hit triple digits as the trend reverses on Dalal Street. So I suggest SBFC Finance to share those allocated to hold the script further for the short term goal of $105. However, one must maintain a strict stop loss at $80 per share while keeping stock in $105 targets.”
Vaibhav Kaushik of GCL Broking said: “Only high risk traders and investors are advised to buy at current levels and maintain stop loss at $87. Their short-term goal would be $105.”
Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms, not those of Mint. We advise investors to check with certified professionals before making any investment decisions.
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Update: August 16, 2023, 11:36 AM IST
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