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KPIT TECHNOLOGIES Gains 6%; BSE IT Index Up 0.2%
Fri, 28 Jun 13:45

KPIT TECHNOLOGIES Gains 6%; BSE IT Index Up 0.2%Image source: alexsl/www.istockphoto.com

KPIT TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 1,659.0.

Meanwhile, the BSE IT index is at 37,016.1 (up 0.2%).

Among the top gainers in the BSE IT index today are PERSISTENT SYSTEMS (up 4.4%) and INTELLECT DESIGN (up 4.4%).

ROUTE MOBILE (down 3.0%) and Firstsource Solutions (down 1.2%) are among the top losers today.

Over the last one year, KPIT TECHNOLOGIES has moved up from Rs 1,076.3 to Rs 1,659.0, registering a gain of Rs 582.7 (up 54.1%).

On the other hand, the BSE IT index has moved up from 28,891.5 to 37,016.1, registering a gain of 28.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 160.4%), Birlasoft (up 104.0%) and ZENSAR TECHNOLOGIES (up 95.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,287.7 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.4%) and Reliance Ind. (up 2.1%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 24,066.7 (up 0.1%). Dr. Reddys and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,287.7, registering a gain of 16,317.7 points (up 25.9%).

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 75.9.


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