Shares of KFin Technologies tumbled as much as 7% on the National Stock Exchange during intraday trading by 10:30 AM today after multiple large deals took place. As many as 1.72 crore shares of the company, or 10% of the total outstanding, changed hands in the multiple block deals that took place today.
In these large deals, shares changed hands at an average price of Rs 1,045 per share, taking the total transaction value to nearly Rs 1,800 crore. According to media reports US-based private equity firm General Atlantic was planning to offload 6.9% stake in the company through block deals at a discount of 8.3% to the closing price on Monday. The US-based firm is the promoter and held 32% stake in the company as of March 2025.
The financial services company posted a 14% on-year rise in consolidated net profit for the March quarter, mainly on the back of a 24% jump in revenue for the period. Its EBITDA for the fourth quarter of the previous financial year rose 17% on year. For FY25, its revenue showed a growth of over 30%, while the profit soared over 35% on year.
The company’s cash and cash equivalents were Rs 659.57 crore as of March, it had informed exchanges along with its financials. The company had also approved a dividend of Rs 7.50 per share.
So far, shares of the company have lost over 30% in 2025, but have gained over 7% in the last one month. On the National Stock Exchange, the stock is now nearly 35% below its 52-week high of Rs 1,641.35, which it hit in December. On the other hand, it trades 72% above its 52-week low of Rs 621.75, touched in June last year.
Jefferies has reiterated its ‘buy’ rating on the stock, raising its target price to Rs 1,460. The brokerage house cited strong revenue growth, stable margins, and accelerating traction in global markets as the key positives for the company, according to a report by Mint.
