JM Financial has initiated coverage on Capillary Technologies with a 'Buy' call and a target price of Rs 650, implying a 16% upside. The company has a strong customer retention with a consistently high net revenue retention rate. It follows a land-and-expand strategy and has a proven acquisition playbook.

JM Financial Analysis’s track record: 4 graded calls · 95% CI 5–70%

Capillary TechnologiesBullishCalled 13 May 2026Graded 14 Jul 2026
Verdict:MISS

Capillary Technologies decreased from ₹521.50 to ₹504.05, failing to meet the bullish target of ₹650.

Tracking Capillary Technologies since this call

1-year tracking window
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