SBFC Finance had a successful debut on the stock market, opening at ₹81.99 per share on BSE, which was a 44% higher price than the allotment price. The share price continued to rise, reaching a high of ₹93.26 on BSE and ₹93.70 on NSE.
Experts predict that the SBFC Finance share price may continue to increase and potentially reach ₹105 per share in the near future. For those who received shares through the IPO allotment process, experts advise holding the stock to maximize the listing premium.
It is recommended to set a stop loss at ₹80 per share. If you did not receive SBFC Finance shares through the allotment process, it is suggested that high-risk traders and investors buy at the current levels with a stop loss at ₹87 per share.
The target price could be ₹105 per share in the near term. Some experts mention potential risks associated with SBFC Finance, such as sensitivity to interest rates and market cycles.
They suggest that aggressive investors might consider holding the stock for the long term. Please note that investing in the stock market carries risks, and decisions should be based on careful consideration of your personal financial situation, risk tolerance, and investment goals.
If you are unsure about what to do, it is recommended to consult with a qualified financial advisor before making any investment decisions.
