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KPIT TECHNOLOGIES Gains 4%; BSE IT Index Up 0.6%
Mon, 25 Nov 15:15

KPIT TECHNOLOGIES Gains 4%; BSE IT Index Up 0.6%Image source: Sakorn BernardaSv/www.istockphoto.com

KPIT TECHNOLOGIES share price has zoomed 4% and is presently trading at Rs 1,363.7.

Meanwhile, the BSE IT index is at 43,111.2 (up 0.6%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 3.8%) and Firstsource Solutions (up 3.5%).

Tech Mahindra (down 1.0%) and Infosys (down 0.8%) are among the top losers today.

Over the last one year, KPIT TECHNOLOGIES has moved down from Rs 1,506.4 to Rs 1,363.7, registering a loss of Rs 142.7 (down 9.5%).

On the other hand, the BSE IT index has moved up from 32,976.6 to 43,111.2, registering a gain of 30.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 187.9%), Firstsource Solutions (up 115.8%) and PERSISTENT SYSTEMS (up 83.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,053.5 (up 1.2%).

The top gainers among the BSE Sensex today are L&T (up 4.1%) and SBI (up 3.5%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.

In the meantime, NSE Nifty is at 24,227.0 (up 1.3%). ONGC and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,053.5, registering a gain of 14,122.7 points (up 21.4%).

KPIT TECHNOLOGIES Financial Update...

KPIT TECHNOLOGIES net profit grew 47.1% YoY to Rs 2,080 million for the quarter ended September 2024, compared to a profit of Rs 1,414 million a year ago. Net sales rose 22.7% to Rs 14,714 million during the period as against Rs 11,992 million in July-September 2023.

For the year ended March 2024, KPIT TECHNOLOGIES reported 54.7% increase in net profit to Rs 5,985 million compared to net profit of Rs 3,869 million during FY23. Revenue of the company grew 44.8% to Rs 48,715 million during FY24.

The current Price to earnings ratio of KPIT TECHNOLOGIES, based on rolling 12 month earnings, stands at 50.8.


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