Trend:
SBFC Finance is forming a base breakout pattern, reclaiming its previous resistance zone near ₹115. The stock is now testing the breakout level of ₹120, with consistent higher lows suggesting strength in momentum.
Key Levels-
Breakout Level: ₹120.58
Immediate Support: ₹113.99
Strong Support: ₹100.47
Fundamentals (Key Points):
💼 Rapidly growing NBFC with focus on SME and secured loans.
📈 Strong AUM growth and improving return ratios.
💰 Low GNPA and prudent underwriting practices.
🏦 Backed by reputed institutional investors; strong management guidance.
⚠️ Near-term volatility likely post recent listing-based movements.
Final Verdict: Positive — Sustaining above ₹115 could lead to a breakout toward ₹125–₹130 while maintaining support near ₹113.