KPIT TECHNOLOGIES Surges by 5%; BSE IT Index Down 0.2%

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KPIT TECHNOLOGIES Surges by 5%; BSE IT Index Down 0.2%
Thu, 24 Jan 10:20 AM

KPIT TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 144.

Meanwhile, the BSE IT Index is at 14,706 (down 0.2%).

Among the top Gainers in the BSE IT Index today is KPIT TECHNOLOGIES (up 5.3%).

ORACLE FINANCIAL SERVICES (down 0.2%) and SONATA SOFTWARE (down 0.3%) are among the top losers today.

Over the last one year, KPIT TECHNOLOGIES has moved down from Rs 203 to Rs 144, registering a loss of Rs 60 (down 29.6%).

On the other hand, the BSE IT has moved up from 12,640 to 14,706, registering a gain of 2,066 points (up 15.6%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 65.1%), L&T TECHONOLOGY SERVICES (up 64.4%) and L&T INFOTECH LTD (up 51.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 36,178 .

The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.5%), POWER GRID (up 1.3%) and ASIAN PAINTS (up 1.0%). Other gainers include RELIANCE IND. (up 0.9%) and SBI (up 0.8%). The most traded stocks in the BSE Sensex are ITC LTD and SUN PHARMA.

In the meantime, NSE Nifty is at 10,849 . ITC LTD (up 1.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,140 to 36,178, registering a gain of 38 points (up -0.1%).

KPIT TECHNOLOGIES Financial Update...

KPIT TECHNOLOGIES net profit down at Rs 378 million for the quarter ended December 2018, compared to a loss of Rs 619 million a year ago. Net Sales declined 38.2% to Rs 5.6 billion during the period as against Rs 9.1 billion in October-December 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 9.5x.



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