KFin Technologies rebounds 6% as Q2 revenue jumps 29.9%

KFin Technologies rose about 6% after Q2 revenue grew 29.9% to Rs 401.8 crore, with support at Rs 784 and resistance at Rs 930. KFin Technologies Limited [

] rebounded from the 52-week low it traded on 26 October and rose about 6% on 27 October after its Q2 FY27 results. It was the second straight session of gains. Consolidated profit rose 7.5% to Rs 100.3 crore from Rs 93.3 crore. Revenue grew 29.9% to Rs 401.8 crore from Rs 309.2 crore. The operating margin narrowed to 40.1% from 43.9% a year ago, so profit grew slower than revenue. Quarter on quarter, profit rose 33.4% from Rs 75.2 crore. The company also secured a new business licence in Thailand. Motilal Oswal called the results in line with expectations, with a 20% miss in international solutions revenue, and kept its positive rating. The trend was weak before the results, and the numbers created some buying interest from the lower levels. Support is Rs 784. Resistance is Rs 930. A close above Rs 930 would signal a trend change. A close below Rs 784 would extend the weakness. Margins must stabilise too. Volume on the rebound is the key signal here. I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.