KPIT Technologies Ltd (KPITTECH)

KPIT Technologies Reports Rise in Profit and Revenue - 24 Jul, 2024

KPIT Technologies reported a rise in profit and revenue for the June quarter, with EBITDA rising 5.6%. The company's board also approved the acquisition of another 13% stake in N-Oream AG. Shares rose by 3.44% following the earnings announcement.

KPIT Technologies Receives Buy Call from Axis Securities - 16 Jul, 2024

Domestic brokerage firm Axis Securities has upgraded its rating to buy and given a target price of Rs 2,100 apiece for KPIT Technologies. The company's strong vertical focus on the automotive industry is expected to capitalize on current demand and transformation within the industry.

KPIT Technologies Upgraded to Buy by Axis Securities - 15 Jul, 2024

Brokerage firm Axis Securities has upgraded KPIT Technologies to Buy and assigned a price target of Rs 2,100/share, indicating an upside of 13% from the current market price. The company is expected to experience strong revenue growth momentum due to robust deal wins and addition of capabilities.

KPIT Technologies Share Price Jumps 26% in a Month - 13 Jul, 2024

KPIT Technologies shareholders have seen a sharp 75% annual gain, but the high P/S ratio of 10.3x may be sending strong sell signals. The company has done well to grow revenue by 45% over the last year and is expected to continue growing at a rate of 19% per year for the next three years. However, analysts are forecasting revenues to only grow on par with the industry, making it challenging to maintain current share price levels.

KPIT Receives Outperform Rating from Bernstein - 10 Jul, 2024

Bernstein has initiated coverage on KPIT Technologies Ltd with an outperform rating and a target price of Rs 2,120, indicating a 24% upside potential. The company specializes in automotive services such as electrification and ADAS, catering to major OEMs and tier suppliers like BMW and GM.

Bernstein Initiates Coverage on KPIT Technologies - 09 Jul, 2024

Bernstein Research has initiated coverage on engineering services companies, including KPIT Technologies, with an outperform rating and a target price of Rs 2,120, indicating a potential upside of 25%.

KPIT Technologies Stock Hits Record High - 04 Jul, 2024

KPIT Technologies shares have delivered multibagger returns of 591% in the last three years, hitting a record high of Rs 1773.90. The company reported a rise in net profit and revenue for Q4 ending March 2024.

KPIT Technologies Ltd gains 15.91% in a month - 02 Jul, 2024

KPIT Technologies Ltd has gained 15.91% over the last month, outperforming BSE Teck index and SENSEX. The stock traded at 4863 shares on BSE compared to an average of 99563 shares in the past month. KPIT hit a record high of Rs 1764 on Feb 12, 2024, and a 52-week low of Rs 961 on Jul 24, 2023.

KPIT Technologies Board Approves Joint Venture Investment Agreement - 01 Jul, 2024

KPIT Technologies' shares see positive movement after the company's board approved a joint venture investment agreement with ZF Friedrichshafen AG to invest up to 13.65 million euros. JM Financial has a buy call on KPIT Technologies with a target price of Rs 2030.

KPIT Technologies Reports Strong FY24 Results and Expects Continued Growth in FY25 - 26 Jun, 2024

KPIT Technologies reported a 44.76% YoY increase in operating revenue and a 54.70% YoY increase in net profits for FY24. The company expects revenue growth of 18-22% in constant currency terms and EBITDA margin of 20.5%+ for FY25, with broad-based growth across practices and geographies.