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KPIT TECHNOLOGIES Gains 9%; BSE IT Index Up 4.5%
Fri, 12 Jul 14:9

KPIT TECHNOLOGIES Gains 9%; BSE IT Index Up 4.5%Image source: DNY59/www.istockphoto.com

KPIT TECHNOLOGIES share price has zoomed 9% and is presently trading at Rs 1,859.7.

Meanwhile, the BSE IT index is at 39,880.2 (up 4.5%).

Among the top gainers in the BSE IT index today are Coforge (up 7.3%) and ZENSAR TECHNOLOGIES (up 6.9%).

Over the last one year, KPIT TECHNOLOGIES has moved up from Rs 1,061.5 to Rs 1,859.7, registering a gain of Rs 798.2 (up 75.2%).

On the other hand, the BSE IT index has moved up from 29,484.7 to 39,880.2, registering a gain of 35.3% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 182.4%), Birlasoft (up 109.3%) and PERSISTENT SYSTEMS (up 104.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,709.1 (up 1.0%).

The top gainers among the BSE Sensex today are TCS (up 6.8%) and Infosys (up 3.6%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,558.6 (up 1.0%). TCS and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 80,709.1, registering a gain of 15,364.9 points (up 23.5%).

KPIT TECHNOLOGIES Financial Update...

KPIT TECHNOLOGIES net profit grew 49.9% YoY to Rs 1,665 million for the quarter ended March 2024, compared to a profit of Rs 1,111 million a year ago. Net sales rose 29.5% to Rs 13,178 million during the period as against Rs 10,174 million in January-March 2023.

For the year ended March 2023, KPIT TECHNOLOGIES reported 40.0% increase in net profit to Rs 3,869 million compared to net profit of Rs 2,762 million during FY22. Revenue of the company grew 38.3% to Rs 33,650 million during FY23.

The current Price to earnings ratio of KPIT TECHNOLOGIES, based on rolling 12 month earnings, stands at 85.1.

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