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.
KFin Technologies shares rose 14.31% to Rs 439.90 against the previous close of Rs 384.80 on BSE. Market cap of KFin Technologies rose to Rs 7283.07 crore.