Kfin Technologies shares climbed nearly 3% in early trade after global brokerage firm Jefferies maintained its buy rating on the stock with a target price of ₹1,460, citing strong growth prospects and strategic benefits from its recent acquisition of Assent.
According to Jefferies, Kfin Tech is well-positioned to scale its operations further by leveraging synergies from the Assent acquisition. The move is expected to enhance Kfin Tech’s presence in institutional segments and contribute positively to earnings, becoming EPS accretive from the next financial year.
The brokerage also highlighted that Kfin Tech’s domestic operations remain solid with stable pricing, indicating a healthy business environment. It noted that the company is progressing toward becoming a leading global Registrar and Transfer Agent (RTA) and financial administration (FA) platform.
With an expanding client base and increasing operational efficiency, Jefferies estimates a 20% compound annual growth rate (CAGR) in the company’s profits over the coming years.
Kfin Technologies shares opened at ₹1,270.00 and, at the time of writing, reached a high of ₹1,310.00 during the day. The stock touched a low of ₹1,255.30. It is trading well below its 52-week high of ₹1,641.35 and significantly above its 52-week low of ₹682.25.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
