India's KFin Technologies jumps; Citi upgrades two notches to 'buy'

Kfin Technologies

13/10/2025 06:03

** Citi upgrades KFin Technologies KFIN.NS two notches to "buy" from "sell"; hikes price target to 1,215 rupees from 1,100 rupees

** Cites strong mutual fund inflows and improving sentiment in primary markets as key drivers

** Shares rise 4.2% to 1,117.7 rupees

** Brokerage says the fintech firm, which provides services to capital markets, stands to gain from expanding its overseas business and new client additions

** Raises earnings estimates by 4–7% over the medium term to reflect higher mutual fund assets under management

** Adds, KFIN faces less business disruption risk than its peers because of lower client concentration in mutual funds

** Average rating of 16 analysts covering the stock is "buy"; median PT is 1,275 rupees - data compiled by LSEG

** KFIN shares are down 30.2% so far in 2025, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))