Page 4 - Kpit Tech News Today

KPIT’s M&A strategy has been focused on acquiring capabilities. It has done four acquisitions over the past two years for a cumulative amount of $166mn with the biggest being Technica in September 2022 for $110 million

KPIT Technologies shares: JPMorgan initiated an 'underweight' rating on the scrip with a 12-month target of Rs 520, which was far lower than the average target of Rs 794 on the stock, based on 11 analyst recommendations.

Tata Technologies reported decent revenue growth in the last three years, as the company grew at a CAGR of 8.6 per cent (FY20-22). KPIT Tech, LTTS and Tata Elxsi grew at 4-21.2 per cent in the same period.

JM Financial has recommended seven midcap ideas,  based on fundamental and technical factors, which it feels can deliver healthy returns over the next one year.