Initiated coverage on SBI Funds Management with a 'Long' rating and a March 2027 target price of ₹675 per share, indicating an 18% upside from the issue price. The company is seen as a strong asset management franchise, benefiting from its scale, SBI's distribution, stable SIP inflows, and robust profitability, positioning it to capitalize on India's financialization trend.
SBIBullishCalled 22 Jul 2026
Verdict:PENDING

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