Jefferies raises PT on India's Kfin Technologies to Street high; stock up

Kfin Technologies

21/02/2024 04:54

** Shares of Kfin Technologies  KFIN.NS  up 4.8 % at 669
rupees; last up 3.5%
    ** Jefferies raises price target to 760 rupees from 700
rupees, retains 'buy' rating
    ** Jefferies' new PT a Street high; median PT of 9 analysts
including it is 635 rupees - LSEG data
    ** Says co among its top picks, sees it breaking into larger
markets like Singapore, Hong Kong and exploring inorganic
opportunities in West
    ** Adds stronger cash flows will likely anchor inorganic
opportunities for co
    ** Raises EPS estimates for FY25-26 by 2%-4%
    ** KFIN, which rose 40% in 2023 is already by 37% YTD

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))