Shares of KFin Technologies (KFin Tech) surged over 8 percent in intra-day deals to a new high of ₹763.40 on Tuesday, April 30, after the firm posted better-than-expected results for the March quarter of FY24 (Q4FY24).
On the back of the overall strong stock performance, healthy financials, and business expansion, brokerage house Ventura Securities has initiated coverage on the stock with a ‘buy’ call and a target price of ₹704, implying a robust 39 percent upside in 12 months.
Through separate deals, ICICI Prudential Life Insurance Co, ICICI Prudential Mutual Fund, IIFL Securities, Societe Generale and Unifi Capital have bought shares of KFin Technologies.
KFin Technologies: Ventura Securities initiated coverage on this stock, saying the company is showcasing a compelling investment opportunity, supported by significant growth in its domestic investor solution sector.