India's Kfin Tech gains on higher Q4 earnings

Kfin Technologies

29/04/2025 07:53

** Shares of Kfin Technologies Ltd KFIN.NS climb 2.4% to 1,268.4 rupees

** Brokerage and investor services firm on Monday reported a 14% climb in Q4 profit on the back of higher revenue from services offered to mutual fund managers and securities issuers

** J.P.Morgan says it likes KFIN's client addition momentum, expects previous acquisitions to boost co's offerings

** Adds, KFIN "well poised to benefit from India's evolving capital markets ecosystem and steady execution in international business can position co as global tech solutions provider to asset management companies"

** Jefferies and Investec (both "buy") say KFIN's results topped their estimates

** Analysts tracking stock rate it "hold" on avg vs "buy" for competitor CAMS COMU.NS - data compiled by LSEG

** After day's gains, stock's YTD loss narrows to 17.5%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))