KPIT TECHNOLOGIES Plunges by 11%; BSE IT Index Down 0.8%

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KPIT TECHNOLOGIES Plunges by 11%; BSE IT Index Down 0.8%
Mon, 18 Feb 09:36 AM

KPIT TECHNOLOGIES share price has plunged 11% and is presently trading at Rs 108.

Meanwhile, the BSE IT Index is at 15,488 (down 0.8%).

Among the top losers in the BSE IT Index today is KPIT TECHNOLOGIES (down 10.6%).

TECH MAHINDRA (up 1.6%) and CYIENT LTD (up 1.1%) are among the top gainers today.

Over the last one year, KPIT TECHNOLOGIES has moved down from Rs 209 to Rs 108, registering a loss of Rs 101 (down 48.4%)..

The BSE IT has moved up from 12,090 to 15,488, registering a gain of 3,398 points (up 28.1%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 53.7%), TCS (up 36.7%) and TECH MAHINDRA (up 34.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 35,912 (down 0.4%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.9%). The most traded stocks in the BSE Sensex are VEDANTA LTD and ONGC.

In the meantime, NSE Nifty is at 10,760 (down 0.3%). DR. REDDYS LAB (up 2.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,297 to 35,912, registering a gain of 1,615 points (up 3.9%).

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 6.5x.



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