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.
Jefferies has retained its ‘buy’ call on KFin Technologies and raised its target price to ₹560 from ₹500 earlier. The new target implies a potential upside of over 22 percent.