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The bumper listing ensured that the market cap jumped more than two fold against Street's expectation of post issue market capitalisation of Rs 19,269 crore - Rs 20,283 crore.
The list is dominated by capex plays as the impact of the upcycle is being noticed in both earnings as well as share prices. Topping the chart are two rail stocks - Titagarh Rail Systems and Jupiter Wagons - which have been reporting at least a 100% YoY jump in their profits. In the September quarter, Titagarh reported a 107% rise in PAT and 54% sales growth while Jupiter saw its profit rising 233% against 111% growth in sales.
Pune: KPIT Technologies aims to remain ahead of its clients that is the automobile manufacturers in terms of technology as the company sees a huge pot.
KPIT Stake In N-Dream AG: As the automotive industry moves towards autonomous and high-connected mobility, technology is becoming synonymous with mobility. A new feature for gamers is developing in the cockpit of the future where they could experience and enjoy in-car gaming, which is eventually expected to become a core feature of the cars of tomorrow. While it is possible in the near-term when the vehicle is stationary, ETAuto finds out how automakers across the world can tap into this evolving opportunity.
Indian equity benchmarks were trading higher today. Sensex gained 55 points to 65,985 and Nifty rose 19 pts to 19,803. Here's a look at stocks that are buzzing in action today.