SBFC Finance Ltd Share Price – NSE /  BSE

Finance, Small Cap

SBFC Finance will hold a meeting of the Board of Directors of the Company on 26 October 2024.

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SBFC Finance will hold a meeting of the Board of Directors of the Company on 26 October 2024.

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In an exchange filing, SBFC Finance announced that ICRA upgraded the company's long-term, fund-based term loan of Rs 2,100 crore to 'AA-' with a stable outlook, up from the previous rating of 'A+' with a stable outlook. Additionally, the ratings agency upgraded and withdrew the company's long term fund based-term loan (unallocated bank) worth Rs 1,400 crore to the same 'AA-' stable rating from 'A+' stable.

An 'AA-' rating from ICRA signifies that the issuer carries very low credit risk and provides a high level of confidence in its ability to meet financial commitments on time.

SBFC Finance is a non-deposit-taking NBFC, catering primarily to entrepreneurs, small business owners, self-employed individuals, and salaried or working-class customers. The company offers services through secured MSME loans and loans backed by gold.

On a consolidated basis, net profit of SBFC Finance rose 68% to Rs 79 crore while total income 29.4% to Rs 298 crore in Q1 June 2024 over Q1 June 2023.

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Amber Enterprises India Ltd, Finolex Cables Ltd, V I P Industries Ltd, Adani Total Gas Ltd are among the other stocks to see a surge in volumes on NSE today, 23 September 2024.

SBFC Finance Ltd saw volume of 1050.69 lakh shares by 14:14 IST on NSE, a 43.05 fold spurt over two-week average daily volume of 24.41 lakh shares. The stock increased 19.05% to Rs.104.98. Volumes stood at 25.62 lakh shares in the last session.

Amber Enterprises India Ltd notched up volume of 23.34 lakh shares by 14:14 IST on NSE, a 32.9 fold spurt over two-week average daily volume of 70929 shares. The stock rose 16.22% to Rs.5,052.80. Volumes stood at 51727 shares in the last session.

Finolex Cables Ltd saw volume of 18.61 lakh shares by 14:14 IST on NSE, a 18.8 fold spurt over two-week average daily volume of 98962 shares. The stock increased 9.48% to Rs.1,518.65. Volumes stood at 1.69 lakh shares in the last session.

V I P Industries Ltd clocked volume of 68.44 lakh shares by 14:14 IST on NSE, a 8.92 times surge over two-week average daily volume of 7.68 lakh shares. The stock gained 9.60% to Rs.546.70. Volumes stood at 3.75 lakh shares in the last session.

Adani Total Gas Ltd notched up volume of 51.31 lakh shares by 14:14 IST on NSE, a 8.41 fold spurt over two-week average daily volume of 6.10 lakh shares. The stock rose 5.88% to Rs.835.05. Volumes stood at 9.03 lakh shares in the last session.

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