New Delhi: In the last four months, there has been a huge decline in the Indian stock market, however, amidst this decline, there were some stocks that have given huge profits to the investors, one of those stocks is of Kaffin Technologies.

200% return in 1 year

Kfin Technologies Ltd share has given a return of 50 percent to the investors in the last 3 months, whereas in the last 1 month the share price has jumped by 35 percent whereas in the last 1 year the share has given a multibagger return of 200 percent.

The stock fell 5% on Friday

However, on last Friday, profit booking was seen in Kaffin Technologies stock, as a result, the stock closed with a decline of 5.08 percent at the level of Rs 1511.

Will the uptrend continue further?

Now the question is whether this tremendous rise of KFin Technologies stock will continue or is it time to book profit and exit the stock? So let's find out the answer.
 

Technical analyst said this

Riyank Arora, Technical Analyst, Mehta Equities, says that KFin Technologies stock has given a breakout above Rs 1525, which can take the stock towards the near term levels of Rs 1600 and Rs 1650. The overall trend remains positive and any pullback in the stock in the range of Rs 1425 to Rs 1450 should be seen as a buying opportunity here.

Analyst Arora suggests traders to maintain a stop loss at Rs 1400 level on the stock to protect against the risk of decline.

Deposit shares in the fall

Praveen Dwarkanath, Vice President, Hedged.in says that in case of a decline till the level of Rs 1250, Kaffin Technologies stock should be accumulated for the target above the current all-time high level of Rs 1620.

Possibility of a pullback

Shitij Gandhi, Senior Research Analyst, SMC Global, believes that due to profit booking, the stock may see a pullback rally in the range of Rs 1450 to Rs 1400. Gandhi suggests that traders should use every dip to accumulate the stock. The overall trend of the stock is currently in favor of bull investors.

52 week high and low level

The 52-week high of Kaffin Technologies stock is Rs 1619 while the 52-week low is Rs 479. The market capitalization of the company is Rs 25907 crore.

The company and its business

Talking about KFin Technologies Company and its business, it is a small cap financial service company. Which is a technology driven financial service platform.

Business in India as well as abroad

Which provides asset management and corporate services and solutions to financial sector companies present in the market. The company does business in India, Malaysia, Philippines and Hong Kong.