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KPIT TECHNOLOGIES Plunges 3%; BSE IT Index Down 0.7%
Tue, 24 Sep 9:46

KPIT TECHNOLOGIES Plunges 3%; BSE IT Index Down 0.7%Image source: ThinkNeo/www.istockphoto.com

KPIT TECHNOLOGIES share price has plunged 3% and is presently trading at Rs 1,651.2.

Meanwhile, the BSE IT index is at 42,283.1 (down 0.7%).

Among the top losers in the BSE IT index today are Infosys (down 1.2%) and INDIAMART INTERMESH (down 1.0%).

Firstsource Solutions (up 3.7%) and Eclerx Services (up 1.3%) are among the top gainers today.

Over the last one year, KPIT TECHNOLOGIES has moved up from Rs 1,128.9 to Rs 1,651.2, registering a gain of Rs 522.3 (up 46.3%).

On the other hand, the BSE IT index has moved up from 33,052.3 to 42,283.1, registering a gain of 27.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 171.9%), Firstsource Solutions (up 99.2%) and PERSISTENT SYSTEMS (up 84.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,905.5 .

The top losers among the BSE Sensex today are Bajaj Finance (down 1.3%) and Infosys (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,955.6 (up 0.1%). Tata Steel and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,905.5, registering a gain of 18,104.7 points (up 27.1%).

KPIT TECHNOLOGIES Financial Update...

KPIT TECHNOLOGIES net profit grew 52.4% YoY to Rs 2,048 million for the quarter ended June 2024, compared to a profit of Rs 1,344 million a year ago. Net sales rose 24.3% to Rs 13,646 million during the period as against Rs 10,976 million in April-June 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 67.6.


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