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KPIT Technologies on Wednesday posted a 41.49 per cent in its net profit to Rs 111.60 crore during the March quarter, against Rs 78.88 crore in the year-ago per
KPIT Tech share price: The counter's 14-day relative strength index (RSI) came at 62.48. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-equity (P/E) ratio of 90. It has a price-to-book (P/B) value of 18.22.
HDFC AMC was on the top of MF buy list. MF bought doubled their HDFC AMC holding to 1.53 crore shares in March from 74 lakh shares in February.
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.
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.