Share Market: Investors who invest in the shares of this company based on cloud based solution service SaaS are in profit. In the year 2024, its investors have got 162 percent more profit. This shows that the stock market index Nifty has outperformed its benchmark 50 and has increased by 11 percent during this period. Global brokerage firm Jefferies has made a bullish move on this SaaS-based stock and has significantly increased its target price. Know the full news…
Better trading of KFin Technologies stock
Jefferies has increased the target price of KFin Technologies shares to Rs 1530, which means that its stock is seeing a potential upside of up to 25 percent in the Sensex ending on December 17. At 12:21 pm, the National Stock Exchange (NSE) stock was trading at Rs 1273.20 with a gain of 3 percent.
Jefferies attributed this to the company’s non-deal road show (NDR), which shows that it is doing better due to strong capital activity and its increasing market share. In the medium to long term, Jefferies can trade with a gain of up to 15-20 percent in the stock market.
Jefferies is getting top rating
Jefferies says that KFin Technologies is getting licenses to launch in South-East Asian markets, which makes doing business with it in the international market more exciting. This sector is expected to grow rapidly through mergers and acquisitions, which makes it more balanced. This is Jefferies’ most favorite stock in the mid-cap fund sector and has been given a ‘buy’ rating. According to Bloomberg data, out of 13 analysts tracking the company’s stock, eight have given ‘Buy’ rating, three have advised ‘Hold’ and two have advised ‘Sell’.
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