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KPIT TECHNOLOGIES Gains 7%; BSE IT Index Up 4.0%
Wed, 6 Nov 14:4

KPIT TECHNOLOGIES Gains 7%; BSE IT Index Up 4.0%Image source: asbe/www.istockphoto.com

KPIT TECHNOLOGIES share price has zoomed 7% and is presently trading at Rs 1,480.7.

Meanwhile, the BSE IT index is at 42,080.9 (up 4.0%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 8.3%) and Oracle Financial Services (up 5.6%).

Over the last one year, KPIT TECHNOLOGIES has moved up from Rs 1,253.4 to Rs 1,480.7, registering a gain of Rs 227.4 (up 18.1%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 42,080.9, registering a gain of 33.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 190.3%), Firstsource Solutions (up 141.6%) and PERSISTENT SYSTEMS (up 83.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,399.3 (up 1.2%).

The top gainers among the BSE Sensex today are TCS (up 4.4%) and HCl Tech. (up 4.3%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,488.4 (up 1.1%). Bharat Electronics and TCS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,399.3, registering a gain of 15,440.6 points (up 23.8%).

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 55.1.

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