Jefferies has reiterated its ‘Buy’ rating on KFIn Technologies and raised the target price to ₹1,530/share, driven by positive management insights following the recent Non-Deal Roadshow (NDR). The brokerage highlighted that KFIn’s domestic businesses are performing well, with medium-term growth expected in the range of 15-20%, supported by robust momentum in the company’s core operations. Jefferies noted that the current growth trajectory is even stronger, reflecting KFIn’s ability to capitalize on increasing demand for its services in the Indian market.
On the international front, Jefferies expressed optimism about KFIn’s potential in Southeast Asian markets, where the company is securing new licenses to expand its operations. Management also appears open to M&A opportunities that could accelerate progress, particularly in the international business segment. Jefferies believes KFIn is well-positioned to capture long-term opportunities in the global financial services sector, maintaining it as one of its top picks. The brokerage’s bullish stance is supported by KFIn’s strategic balance of growth, operational efficiency, and market expansion.
