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KPIT Tech shares: FPI holding in the IT firm stood at 23.42 per cent as on March 31, as per a BSE filing, which was the highest since September quarter of 2019. FPIs held 20.26 per cent stake in KPIT Tech as on December 31, 2022.
Nomura puts out a report saying that it expects the Fed to cut rates by 0.25 per cent and stop quantitative tightening at its March 22, 2023 announcement. ....
KPIT Tech has witnessed a steep fall from the Rs 940 level. The negative bias has weakened the trend and the near-term support for the stock stands at Rs 730 level. ....
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.