Share Market: Investors investing in the shares of this company based on cloud based solution service SaaS are in profit. In the year 2024, its investors have made 162 percent more profit. This shows that the stock market index Nifty has outperformed its benchmark 50 and has increased 11 percent during this period. Global brokerage firm Jefferies has moved ahead on this SaaS based stock and has increased its target price significantly. Know the full news...

KFin Technologies stock trading better

Jefferies has raised the target price of KFin Technologies shares to Rs 1530, which means that the stock sees a potential upside of up to 25 per cent in the Sensex close on December 17. At 12:21 pm, the stock was trading at Rs 1273.20 on the National Stock Exchange (NSE), up 3 per cent.

Jefferies attributed this to the company's non-deal road show (NDR), which showed that it is doing well due to strong capital activity and its growing market share. In the medium to long term, the stock can trade with a gain of 15-20 percent in the market, Jefferies said.

Jefferies is getting top rating

Jefferies says that KFin Technologies is getting licenses to launch in Southeast Asian markets, which makes doing business with it in the international market more exciting. Mergers and acquisitions in this sector are expected to grow rapidly, 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, eight out of 13 analysts monitoring the company's stock have given a 'buy' rating, three have advised 'hold' and two have advised 'sell'.