Jefferies has maintained a buy rating on Kfin Technologies, setting a target price of ₹1,460 per share, highlighting the company’s strong growth trajectory and the strategic benefits from its recent acquisition of Assent.
According to the brokerage, Kfin Tech’s focus remains on scaling operations and extracting synergies from the Assent acquisition, which broadens its market presence and helps tap larger institutional clients. Jefferies expects the acquisition to be earnings per share (EPS) accretive from the next financial year.
The report also noted that Kfin Tech’s domestic business remains healthy, with no major pricing pressure, and the company is well positioned to emerge as a global RTA (Registrar and Transfer Agent) and financial administration (FA) platform.
Jefferies projects a 20% compound annual growth rate (CAGR) in profits, backed by operational scale and expanding client reach.
Disclaimer: The views and recommendations above are those of the respective brokerage firm. They do not represent the views of this publication. Investors are advised to consult their financial advisers before making any investment decisions.
