Kfin is upgraded by Jefferies

Jefferies, a prominent global brokerage firm, has issued a “buy” recommendation for KFin Technologies, setting a target price of Rs 760 per share, indicating a potential upside of 19 percent from its recent closing price.
Analysts at Jefferies emphasized that increased growth stemming from international operations and value-added services is poised to drive further expansion in FY25-26. Over the past month, the stock of this midcap tech-driven financial services firm has surged by more than 15 percent, outperforming the benchmark Sensex, which saw a mere 2 percent increase.
According to analysts, KFintech is positioned at a pivotal juncture to capitalize on investments made in overseas markets. They anticipate the company’s entry into larger markets such as Singapore or Hong Kong, with the expectation that robust cash flows will facilitate opportunities for inorganic growth.
Furthermore, analysts predict that the heightened growth derived from international operations and value-added or analytics services will fuel increased growth in FY25-26. Consequently, they have revised their earnings per share (EPS) estimate upward by 2-4 percent.