Kela acquired 9.51 lakh shares of the company, which is about a 1.7 per cent stake in it, at a price of ₹350.01 on Monday.
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At 12:20 pm IST, the company's shares were trading at ₹407.80 on the Bombay Stock Exchange (BSE), which was a rise of 13.10 per cent or ₹47.25. The intraday high was ₹432.65.
The company's stock has surged more than 23 per cent over the past month, significantly outperforming the benchmark NSE Nifty 50 index, which rose by 5 percent in the same period, according to a Moneycontrol report.
SG Finserve is a Non-Banking Financial Company (NBFC) which offers business financing solutions to dealers, distributors, retailers, buyers, suppliers, and transporters, among others of Indian corporates.
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CRISIL Ratings recently reaffirmed the credit rating for its ₹1,000 crore bank loan facilities, assigning it an AA (CE)/Positive rating, taking it from a provisional rating to a final one.
Its loan book also nearly doubled from the September quarter, reaching ₹1,568 crore, which is an impressive 92 percent quarter-on-quarter growth.
“With this momentum, we remain confident in achieving our loan book targets of ₹4,000 crore in FY26 and ₹6,000 crore in FY27,” the company had previously stated, as per the report.
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Arihant Capital Markets, which is the sole brokerage tracking SG Finserve, maintains a ‘buy’ rating on the stock, with a target price of ₹783, according to the report.
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