KFINTECH

stock crashes 50% but retains its premium over CAMS

is a leading RTA in India's MF industry, operating in a duopoly market. Its business is cyclical as it depends on the capital market's performance. KFin performed brilliantly during the most recent bull run, gaining 300% between December 2022 and 2024. However, as market began to correct, the stock was detailed, leading to a 40% correction so far in FY25 despite a stellar Q3 performance.