KFin Technologies jumps on winning contract from LIC Pension Fund
KFin Technologies is currently trading at Rs. 461.25, up by 7.25 points or 1.60% from its previous closing of Rs. 454.00 on the BSE.
The scrip opened at Rs. 452.95 and has touched a high and low of Rs. 466.50 and Rs. 447.05 respectively. So far 22718 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 493.00 on 03-Oct-2023 and a 52 week low of Rs. 271.05 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 481.80 and Rs. 443.15 respectively. The current market cap of the company is Rs. 7809.77 crore.
The promoters holding in the company stood at 49.22%, while Institutions and Non-Institutions held 31.49% and 19.29% respectively.
KFin Technologies has won a high value multi-year contract from LIC Pension Fund (LICPFL) to design, create and administer the investment management solution to provide enhanced customer service, security, compliance, and to be future-ready for the scale LICPFL anticipates achieving.
KFin Technologies provides services and solutions to intermediaries operating in the capital market ecosystem such as mutual funds (MF), alternative investment funds and wealth management firms.
