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The Economic Times
The Economic Times
Ritesh Presswala

SBI Funds shares fall 3%, but brokerages scream 'Buy' with target price up to Rs 750

SBI SBI Funds Management Emkay Equirus Equirus Securities India

Shares of SBI Funds Management witnessed profit booking on Wednesday, falling 3% to Rs 590 during the trading session. The decline came a day after the asset management company made an impressive debut on Dalal Street, with its shares listing at a 6.85% premium above the issue price at Rs 613.30 apiece on the NSE.

Despite the dip, the company continues to command a strong market valuation, with its market capitalisation standing at around Rs 1.24 lakh crore.

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