India's Seshaasai Technologies hits 9-month high after Investec starts with 'buy'
BUZZ-India's Seshaasai Technologies hits 9-month high after Investec starts with 'buy' ** Seshaasai Technologies shares SESS.NS rise as much as 5.27% to 387.2 rupees apiece, their highest since October 27, 2025
** Rise after Investec initiates coverage of SESS with "buy" and a price target of 430 rupees, an implied upside of 17.6%
** Investec says technology firm offering payments, communications solutions, offers a rare combination of market leadership, annuity-like revenues, strong cash generation and emerging high-growth optionality
** Says it is India's dominant payment card manufacturer with about 32% share in the fiscal year 2025
** Forecasts revenue and profit after tax to grow at 12% and 14% CAGR over FY2026-2029
** Says payment cards should remain relevant despite rising UPI transactions, and SESS has built a strong franchise with its metal card patent and deep client relationships
** SESS shares are up about 42% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))