KPIT Technologies Sees Stock Rise After Positive Reports

KPIT Technologies is making headlines today as its stock price closed at ₹1851.75, reflecting a 3.12% increase from the previous day’s closing price of ₹1795.75.

On the previous trading day, KPIT opened at ₹1798 and saw fluctuations throughout the day, hitting a high of ₹1852.95 and a low of ₹1791.5. Currently, the company holds a market capitalization of ₹49,819.21 crore, with a notable 52-week high of ₹1928.75 and a low of ₹961.

According to the latest filings, KPIT Technologies has a mutual fund (MF) holding of 4.13%, which has seen an increase from 3.15% in March. However, foreign institutional investor (FII) holding has dropped from 23.98% to 22.23% over the same period.

Investors are also looking at the company’s return on equity (ROE) for the last fiscal year, which stood at 31.31%. Upcoming estimates suggest an ROE of 31.44% for the current fiscal year and 32.27% for the next.

In terms of growth, KPIT Technologies has achieved an impressive EPS growth of 59.13% and a revenue growth of 33.76% over the last three years. The company reported revenue of ₹48,715.41 crore in the trailing twelve months, slightly surpassing its previous fiscal year’s performance.

Looking ahead, forecasts predict that the company will experience a revenue growth of 25.69% and a profit growth of 30.28% in the upcoming quarter. Analysts currently recommend KPIT Technologies as a ‘Buy’ based on their performance trends.