KFin Technologies stock jumps 6% on Citi's two-notch upgrade to 'buy'

KFin Technologies stock jumps 6% on Citi's two-notch upgrade to 'buy'

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26 Aug, 2025 12:21

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Shares of KFin Technologies rose 6% on October 13 on global brokerage Citi's two-notch upgrade to 'buy' from 'sell'.

At 1 pm on October 13, KFin Technologies shares on NSE were trading 5.8% higher at Rs 1,135 apiece. Citi hiked its price target on the stock to Rs 1,215 from Rs 1,100, which represents up to 7.5% upside from current market price.

Citi cited strong mutual fund inflows and improving sentiment in primary markets as key drivers for the bullish view on the stock.

The brokerage said the fintech firm, which provides services to capital markets, stands to gain from expanding its overseas business and new client additions.

It raised earnings estimates of KFin Technologies by 4–7% over the medium term to reflect higher mutual fund assets under management.

Citi added that KFin Technologies faces less business disruption risk than its peers because of lower client concentration in mutual funds.

The average rating of 16 analysts covering the stock is 'buy' and median price target is Rs 1,275, showed data compiled by LSEG.

KFin Technologies shares are down 30.2% so far in 2025, exchange data shows. The 52-week high of the stock is Rs 1,641 and 52-week low is Rs 784. The market capitalisation of the stock is Rs 19,500 crore.

The stock was the top gainer on Nifty Capital Markets index, which was trading 1.5% higher in the afternoon trade on October 13. Others leading the gains on the sectoral index were UTI AMC, ABSL AMC, Motilal Oswal Financial Services, which rose 5%, 4.3% and 4%, respectively.

KFin Technologies, listed in December 2022, raised a total of Rs 1,500 crore via an initial public offering, which was entirely an offer for sale by its promoter General Atlantic Singapore.

Incorporated in 2017, KFin Technologies provides services and solutions to asset managers and corporate issuers across asset classes.