KPIT TECHNOLOGIES Plunges by 5%; BSE IT Index Down 3.0%
October 11, 2018 11:44 AM

KPIT TECHNOLOGIES share price has plunged 5% and is presently trading at Rs 202.

Meanwhile, the BSE IT Index is at 14,618 (down 3.0%).

Among the top losers in the BSE IT Index today are KPIT TECHNOLOGIES (down 5.1%) and NIIT TECHNOLOGIES (down 8.0%).

Over the last one year, KPIT TECHNOLOGIES has moved up from Rs 131 to Rs 202, registering a gain of Rs 70 (up 53.4%)..

The BSE IT has moved up from 10,221 to 14,618, registering a gain of 4,397 points (up 43.0%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were L&T INFOTECH LTD (up 113.9%), SONATA SOFTWARE (up 111.3%) and MINDTREE LTD (up 99.9%).

What About the Benchmark Indices?

The BSE Sensex is at 34,064 (down 2.3%). The top gainers among the BSE Sensex stocks today are ONGC (up 1.1%). The most traded stocks in the BSE Sensex are ONGC.

In the meantime, NSE Nifty is at 10,220 (down 2.4%). HPCL (up 5.0%) and ZEE ENTERTAINMENT (up 3.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,924 to 34,064, registering a gain of 2,140 points (up 6.3%).

KPIT TECHNOLOGIES Financial Update...

KPIT TECHNOLOGIES net profit stood at Rs 826 million for the quarter ended June 2018, compared to a profit of Rs 619 million a year ago. Net Sales rose 11.1% to Rs 10.1 billion during the period as against Rs 9.1 billion in April-June 2017.

For the year ended March 2016, KPIT TECHNOLOGIES reported 23.5% increase in net profit to Rs 2.9 billion compared to net profit of Rs 2.4 billion during FY15.

Revenue of the company grew 11.4% to Rs 32 billion during FY16.

The current Price to earnings ratio of KPIT TECHNOLOGIES, based on rolling 12 month earnings, stands at 13.0x.