SBFC Finance Surges 15%, L&T Finance Gains Ahead of Board Meet
- Share.Market
- 3 min read
- Published at : 23 Apr 2025 12:52 PM
- Modified at : 29 Apr 2025 03:31 PM
Shares of SBFC Finance Ltd. surged by an impressive 15% in April, driven by strong volume accumulation and positive sentiment in the Banking and Financial Services sector. The stock’s rally comes on the heels of the Reserve Bank of India’s recent rate cut announcement, which has provided a favorable backdrop for financial firms.
SBFC Finance Ltd. primarily lends to micro enterprises, securing loans against residential or commercial properties. The company also offers gold loans, known for their attractive yields and high liquidity, along with unsecured personal and business loans.
Analysts suggest keeping SBFC Finance on the radar, noting that a technical support at its 10-day moving average could present a favorable risk-to-reward entry point. The stock’s performance in the coming sessions is expected to remain under close watch.
Meanwhile, L&T Finance Ltd. also posted a modest 2% gain recently, supported by healthy trading volumes. The company, classified as a Non-Deposit Taking Systemically Important NBFC (NBFC-ND-SI), offers a wide array of financial services across retail, rural, and infrastructure segments. It has submitted an application to be registered as a Systemically Important Non-Deposit Accepting Core Investment Company, further reinforcing its regulatory standing.
All eyes are now on L&T Finance’s upcoming Board Meeting on April 25, 2025, where it will announce audited financial results for FY25 and may consider a final dividend. Investor interest is likely to focus on the company’s asset quality and rural lending business. Market participants will be closely tracking the stock’s performance leading up to this key event.
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