India's SBFC Finance jumps after Investec initiates with 'buy'

SBFC Finance

30/06/2025 09:35

** Non-banking lender SBFC Finance SBFC.NS rises 5.09% to 112 rupees

** Investec initiates coverage with 'buy'; sets PT at 135 rupees

** Says SBFC has achieved an "impressive" 40% CAGR in assets under management

** Adds, while asset quality metrics are not industry-leading, they are credible and SBFC is resilient

** Attributes it to a leadership team that has seen various credit cycles, a pan India distribution, a focus on secured lending and a prudent liability strategy

** SBFC shares rose 2.25% on Friday after Ambit Capital initiated coverage with 'buy', 124 rupees PT

** Stock rated 'buy' on avg by 6 analysts; median PT at 124.5 rupees - data compiled by LSEG

** SBFC shares up ~22% YTD, including session's gains

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))