India's Kfin Technologies set to end 4-day losing run

Kfin Technologies

14/12/2023 09:14

** Shares of Kfin Technologies Ltd  KFIN.NS  up 5.7%, on
course to end 4-day losing run
    ** At current levels, asset management tech firm close to
erasing 6.6% fall across previous 4 sessions
    ** Ambit Capital in Dec. 12 note said it prefers KFIN (PT:
665 rupees) over rival Computer Age Management Services
 COMU.NS 
    ** KFIN will continue eating into COMU's revenue share,
benefit from growth in mutual funds - Ambit
    ** Brokerage Ventura Securities initiates coverage on KFIN
with "buy", sees stock rising 39% to 704 rupees in 2 yrs
    ** Ventura says KFIN "more advantageous" pick than COMU,
adds has higher scope for international expansion
    ** Around 1.2 mln KFIN shares change hands in stock's most
active trading session in December
    ** Stock up 55.1% YTD, more than 2x COMU's 23.4% rise


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))