Zee Business Managing Editor has recommended buying the smallcap NBFC stock for sharp upside. Already, the stock has been gaining ground in Tuesday's session (March 25, 2025) post RBI's new set of priority sector lending (PSL) norms aimed at increasing the eligibility criteria as well as credit limit for certain sectors including renewable and weaker section among others.

In the previous day's trade (March 24, 2025), ace investor Madhu Kela bought 9.5 lakh shares at an average price of Rs 350 per share.

As of writing the copy at around 10 am, shares of the company were up 15 per cent at Rs 413.95, while at the day's high - hit the upper price band of Rs 432, gaining a sharp 20 per cent.

The market guru Singhvi suggested buying SG Finserve for a target of Rs 375, Rs 385 and Rs 400 with a stop loss at Rs 350 per share.

The company is a fundamentally strong NBFC from the APL Apollo group. The non-banking finance company (NBFC) provides supply chain financing solutions and investment services to Indian conglomerates.

On a 1-year basis, the stock has underperformed with a negative return of over 3 per cent. While on a year-to-date basis, it has remained steady.