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The Economic Times

Akash Podishetti

SBI Funds Management gets 2 fresh buy calls. Why Equirus and Emkay see up to 31% upside

SBI SBI Funds Management SBI Funds Emkay Equirus United States India IPO AMC SBI Bank

SBI Funds Management has received bullish coverage, with Equirus Securities and Emkay Global initiating coverage with 'Long' and 'Buy' ratings, respectively. The firms have set target prices of Rs 675 and Rs 750 for March and June 2027, implying an upside of up to 31% from the IPO issue price of Rs 574.

Shares of SBI Funds Management made their D-Street debut, listing at a 7% premium to the IPO price. The stock opened at Rs 610 on the BSE, up 6.27% over the issue price of Rs 574. On the NSE, it debuted at Rs 613.30.

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