India, Aug. 5 -- Every now and then, a small NBFC posts a quarter that is impressive enough to make investors sit up and take notice of who else is in the stock. This is one of those cases: triple-digit profit growth, a record loan book, and zero bad loans, all at a company where a well-known investor quietly built a position for more than a year before the market noticed. The type of setup that usually prompts the same question is "Is this the beginning of something bigger, or has most of the re-rating already occurred?"

SG Finserve Limited currently trades around Rs. 693, with a market capitalization of roughly Rs. 4,567 crore. The stock has moved within a 52-week range of Rs. 323 to Rs. 724 and trades at a P/E of about 29x. The stock ...