SBFC Finance

** 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)

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Nov 25 (Reuters) - SBFC Finance Ltd SBFC.NS:

• SBFC FINANCE - IRDAI ISSUED CERTIFICATE OF REGISTRATION TO CO TO ACT AS CORPORATE AGENT

Further company coverage: SBFC.NS

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* SBFC Finance Ltd SBFC.NS rises to exchange-allowed trading maximum of 20% at 105.81 rupees, hits record high

* 104.7 mln shares traded overall, 47.8X the 30-day avg

* Records single-session gains, highest trading volumes since listing on Aug. 16, 2023

* ICRA upgrades credit rating of co's long-term bank facilities to 'AA-' from 'A+', with a 'stable' outlook

** Rating upgrade factors in co's good capitalisation supported by a recent capital raise, and improving profitability metrics

* Relative strength index rises to 84.4, suggesting stock might be overbought - LSEG data

* Stock up ~18% YTD vs ~25% gains in NIFTY 500 index .NIFTY500

(Reporting by Vijay Malkar)

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March 7 (Reuters) - SBFC Finance Ltd SBFC.NS:

• SBFC FINANCE PROMOTER SBFC HOLDINGS SELLS 2.81% STAKE IN CO BETWEEN 5 MARCH 2024 AND 7 MARCH 2024 - EXCHANGE FILING

Source text for Eikon: ID:nNSE33jq0m

Further company coverage: SBFC.NS

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Jan 25 (Reuters) - SBFC Finance Ltd SBFC.NS:

• DEC-QUARTER NET PROFIT 640.2 MILLION RUPEES VERSUS PROFIT 393.1 MILLION RUPEES

• DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 2.64 BILLION RUPEES VERSUS 1.89 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SBFC.NS

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Dec 21 (Reuters) - SBFC Finance Ltd SBFC.NS:

• APPROVED FUND RAISING THROUGH ISSUANCE OF NON-CONVERTIBLE DEBENTURES AND, OR BONDS

Source text for Eikon: ID:nNSE7cWSWf

Further company coverage: SBFC.NS

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Oct 27 (Reuters) - SBFC Finance Ltd SBFC.NS:

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES AND/OR BONDS WORTH UPTO 20 BILLION RUPEES

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES AND/OR BONDS ON A PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE4n9707

Further company coverage: SBFC.NS

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Oct 20 (Reuters) - SBFC Finance Ltd SBFC.NS:

• TO CONSIDER PROPOSAL OF FUND RAISING

Source text for Eikon: ID:nBSE5nkQK9

Further company coverage: SBFC.NS

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July 31 (Reuters) -

• INDIA'S SBFC FINANCE LTD SETS IPO PRICE BAND AT 54 RUPEES TO 57 RUPEES PER SHARE - NEWSPAPER ADVERTISEMENT

Source text for Eikon: [ID:]

Further company coverage: SBFC.NS

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April 27 (Reuters) - SBFC Finance Ltd SBFC.NS:

• MARCH-QUARTER NET PROFIT 427.6 MILLION RUPEES VERSUS 122.9 MILLION RUPEES

• MARCH-QUARTER INTEREST INCOME 1.89 BILLION RUPEES VERSUS 1.23 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SBFC.NS

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