Stay updated with breaking news from Kpit Technologies. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Brokerage Axis Securities has initiated coverage on the stock with a “buy” rating and believes KPIT Technologies is well-placed to revive its growth momentum. The brokerage has a price target of Rs 1,500 for the stock.
For more such web stories click on the ET
Shares of KPIT Technologies Ltd have turned into multibagger in the last three years. The IT stock, which closed at Rs 113.45 on October 12, 2020 was trading at Rs 1201 in the current session, delivering 962% returns during the period. An amount of Rs 1 lakh invested in KPIT Technologies stock three years ago would have turned into Rs 10.57 lakh today. In comparison, Sensex has risen 63.44 per cent during the period. The stock touched its all-time high of Rs 1237.80 in the last session (October 12, 2023). It fell to a 52-week low of Rs 615.40 on October 19, 2022.
India VIX was down by 2.53% from 11.27 to 10.98 levels on Wednesday. Volatility cooled off and paved the way for the bulls to strengthen in the market.
For more such web stories click on the ET