'Buy' KFin Technologies Shares Maintains Anand Rathi Post Robust Q2 Results — Check New Target Price

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Anand Rathi Report

Aided by Issuer Solutions’ strong, 13% YoY, performance and International and other investor solutions’ 26% YoY,KFin Technologies Ltd.’s revenue grew 10.3% YoY to Rs 3.09 billion.

Notably, momentum in new international deals, the AIF platform and Issuer Solutions is healthy.

Considering steady revenue growth in its core businesses, with international operations and AIF being primary drivers, we maintain a Buy on the company with a 12-month target price of Rs 1,572, valuing the stock at 53x Sep’27e earnings per share.

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