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KPIT TECHNOLOGIES Plunges 5%; BSE IT Index Down 0.8%
Tue, 29 Oct 10:10

KPIT TECHNOLOGIES Plunges 5%; BSE IT Index Down 0.8%Image source: bluebay2014/www.istockphoto.com

KPIT TECHNOLOGIES share price has plunged 5% and is presently trading at Rs 1,316.7.

Meanwhile, the BSE IT index is at 41,650.5 (down 0.8%).

Among the top losers in the BSE IT index today are Firstsource Solutions (down 2.5%) and Oracle Financial Services (down 1.9%).

Eclerx Services (up 2.0%) and Mastek (up 2.0%) are among the top gainers today.

Over the last one year, KPIT TECHNOLOGIES has moved up from Rs 1,146.6 to Rs 1,316.7, registering a gain of Rs 170.2 (up 14.8%).

On the other hand, the BSE IT index has moved up from 30,902.5 to 41,650.5, registering a gain of 34.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 172.5%), Firstsource Solutions (up 131.7%) and PERSISTENT SYSTEMS (up 91.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,634.6 (down 0.5%).

The top losers among the BSE Sensex today are Tata Motors (down 2.8%) and Bharti Airtel (down 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,209.6 (down 0.5%). Bajaj Auto and Cipla are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,634.6, registering a gain of 15,585.6 points (up 24.3%).

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 49.0.


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