Skip to footer

business

SBI Funds Management shares close 4% lower; should you buy, sell or hold?

Updated 2 min read

Published by Agyata NewsroomEditorial policyCorrections

Archived — last updated

SBI Funds Management Shares Rise After India’s Largest IPO So Far This Year

Latest updates

SBI Funds Management shares close 4% lower; should you buy, sell or hold?

SBI Funds Management Shares Rise After India’s Largest IPO So Far This Year.

Moneycontrol.comWSJ

SBI Funds Management makes market debut at 7% premium, below grey-market expectations

Despite below-expected listing, analysts remained positive on the stock due to its market leadership, competitive valuations, and long-term growth potential. SBI Funds Management ended its debut trading session up around 6.3% from its issue price of Rs 575 on Tuesday. The asset management wing of SBI had earlier made its market debut at a 7% premium , missing grey-market expectations of a 13-16% listing day gain. The stock, which had listed at Rs 613.30 a share on the National Stock Exchange (NSE), rose to as much as Rs 624.95 at its intraday high before ending the session at Rs 610.15 on the .

The Indian Express

SBI Funds Management makes market debut at 7% premium, below grey-market expectations

Despite below-expected listing, analysts remained positive on the stock due to its market leadership, competitive valuations, and long-term growth potential. SBI Funds Management ended its debut trading session up around 6.3% from its issue price of Rs 575 on Tuesday. The asset management wing of SBI had earlier made its market debut at a 7% premium , missing grey-market expectations of a 13-16% listing day gain. The stock, which had listed at Rs 613.30 a share on the National Stock Exchange (NSE), rose to as much as Rs 624.95 at its intraday high before ending the session at Rs 610.15 on the .

The Indian ExpressThe Economic TimesNDTV Profit

SBI Funds Management Stock Closes 6% Higher on Market Debut Day

SBI Funds Management stock has closed 6% higher on its market debut day, with Emkay predicting up to 31% upside. The stock settled higher at Rs 609.75 per share, up 6.3% from the issue price of Rs 574 per equity share. This performance is seen as a positive sign for the company's future growth prospects.

Moneycontrol.comReuters

SBI Funds Management Listing Makes Employees Crorepatis

The listing of SBI Funds Management made some employees crorepatis, with the stock debuting at a 7% premium to its IPO price. The company's employees who held shares in the IPO are now richer by crores.

The Times of India

SBI Funds Management IPO: Shares list at 7% premium, but target prices go up to Rs 750. Time to buy?

SBI Funds Management debuted with a nearly 7% premium over its IPO price, falling short of grey market expectations. Despite this, brokerages remain bullish, with Emkay assigning a Rs 750 target price and Equirus Rs 675, while analysts advise long-term investors to hold the stock on strong fundamentals.

Indiatimes

SBI Funds Management Shares List at Decent Premium of 7% Over IPO Price on NSE

SBI Funds Management shares have listed at a premium of 7% over their IPO price on the National Stock Exchange, marking a successful debut for the company. The listing has been seen as a positive development for the company and the Indian stock market.

Moneycontrol.comFortune IndiaNDTV Profit

Sources

AI-assisted summary of the reporting above. Quotes are kept to one sentence. Copyright concern? See our DMCA takedown page.

Topics