KFIn Technologies’ stock rose over 2% following Jefferies’ ‘Buy’ rating and target price increase to ₹1,530 per share. The brokerage’s positive outlook stems from strong growth prospects in the company’s domestic business, which is expected to expand at 15-20% annually. This growth is driven by robust demand for KFIn’s core services in India.
Jefferies also highlighted KFIn’s potential in Southeast Asia, where the company is gaining new licenses and expanding its international footprint. Additionally, the management’s openness to mergers and acquisitions could accelerate growth in the global market.
Kfin Technologies shares opened at ₹1,243.00, with a high of ₹1,280.80 and a low of ₹1,228.50 today. The stock has shown significant growth over the past year, reaching a 52-week high of ₹1,313.70, while its 52-week low stands at ₹456.25.
As of 10:05 am, Kfin Technologies shares were trading 2.23% higher at Rs 1,263.45 on the NSE.
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