Growing 91% in 1 year, this large BSE500 index script rate reaches 5 months high: What is driving growth
KFIN Technologies Shared 5 Months High: KFIN Technologies’ share price in trade on Monday marked a fresh 5-month high of Rs 1344.1 for BSE, which rose to nearly 6% on the day’s high.
The stock is trading above its 50, 100 and 200-day moving average (DMA), indicating a long-term uptrend and indicating that the stock is in a relatively strong position.
The sharp shock of the stock was triggered after foreign brokerage Jefferies maintained its “buy” call for the stock, with a target of fixed at Rs 1,460. The proposed share price means nearly 15% upside compared to the previous closure.
The broker stressed that the company’s management is focused on improving and driving synergy from mergers and acquisitions.
It also noted that the company’s recently acquired Singapore-based global fund administrator Ascent Fund Services, which owns operations in large markets, can now target larger customers.
Additionally, it added that the company’s domestic business performed well and did not face any specific pricing issues.
Other triggers
Other triggers in KFIN Technologies stock that exacerbate earnings are:
- The company’s opportunity to take advantage of foreign markets has increased.
- In addition, the company has obtained a license to launch in the Southeast Asian market.
- SEBI’s new platform – MITRA’s unclaimed portfolio of mutual funds is also believed to have a positive impact on KFIN Technologies’ stock
- E-KYC, UPI and Account Summary also extends support.
KFIN Technologies Q4FY25 Revenue
In the March quarter, the company’s profit rose 14.3% annually to Rs 85 crore, compared with Rs 74.5 crore in the same period last year. The company’s revenue from operations rose 23.8% to Rs 28.269 crore in fiscal 25.
Income before interest, taxes. Revenue from depreciation and amortization (EBITDA) was Rs 12.225 crore, an increase of 16.87% compared with the 24th quarter of the fourth quarter. . In the review quarter, EBITDA margin was 43.2%, compared with 45.8% in the same quarter of the previous year.
KFIN Technologies Share Price Performance
The stock has risen nearly 25% over the past month, while its 1-year yield is 91%.
