KPIT TECHNOLOGIES Surges by 6%; BSE IT Index Down 1.0%

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KPIT TECHNOLOGIES Surges by 6%; BSE IT Index Down 1.0%
Wed, 19 Dec 03:17 PM

KPIT TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 230.

Meanwhile, the BSE IT Index is at 14,436 (down 1.0%).

Among the top Gainers in the BSE IT Index today is KPIT TECHNOLOGIES (up 5.6%).

TECH MAHINDRA (down 0.3%) and SONATA SOFTWARE (down 0.6%) are among the top losers today.

Over the last one year, KPIT TECHNOLOGIES has moved up from Rs 169 to Rs 230, registering a gain of Rs 60 (up 35.6%).

On the other hand, the BSE IT has moved up from 10,905 to 14,436, registering a gain of 3,531 points (up 31.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 83.3%), L&T INFOTECH LTD (up 63.9%) and L&T TECHONOLOGY SERVICES (up 59.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 36,555 (up 0.4%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 3.4%), ASIAN PAINTS (up 3.3%) and SBI (up 2.7%). Other gainers include MARUTI SUZUKI (up 2.1%) and ITC LTD (up 1.8%). The most traded stocks in the BSE Sensex are SBI and YES BANK.

In the meantime, NSE Nifty is at 10,985 (up 0.5%). INDIABULLS HOU. FIN. (up 8.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,602 to 36,555, registering a gain of 2,953 points (up 8.7%).

KPIT TECHNOLOGIES Financial Update...

KPIT TECHNOLOGIES net profit stood at Rs 876 million for the quarter ended September 2018, compared to a profit of Rs 619 million a year ago. Net Sales rose 18.2% to Rs 10.8 billion during the period as against Rs 9.1 billion in July-September 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 14.0x.



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