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Multibagger stock: KPIT Technologies shares rose to an intraday high of Rs 1,455 today, up 5.89% against the previous close of Rs 1374.05 on BSE. Market cap of the firm stood at Rs 39,142 crore.
Shares of multibagger KPIT Technologies Ltd have zoomed nearly 123% from their 52-week low hit in the beginning of this year. The multibagger IT stock touched its yearly low of Rs 676.15 on January 4, 2023. KPIT Technologies stock has recovered 122.70% from its 52-week low till date. The stock closed 0.75% lower at Rs 1505.80 in the current session. Despite the stellar rally in 2023, the IT stock is still down 8.15% from its record high of Rs 1639.60 reached on November 20 this year.
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.
Sachin Tikekar, Co-founder and Joint MD, KPIT said, “We are experiencing greater traction with our strategic clients as we move further in creating trusted partnerships with our clients to help them accelerate their transformation. The attrition has been consistently falling over the last 3 quarters.”
Shares of KPIT Technologies Ltd have turned into a multibagger in the last three years. The IT stock, which closed at Rs 68.5 on July 17, 2020 ended at Rs 1,084.85 in the previous session, delivering 1,483% returns during the period. An amount of Rs 1 lakh invested in KPIT Technologies stock three years ago would have turned into Rs 15.83 lakh today. In comparison, Sensex has risen 81.25 per cent during the period. The stock touched an all-time high of Rs 1159.95 on June 7, 2023 and a 52 week low of Rs 500 on June 19, 2022.
KPIT Technologies stock gained 5.88 per cent to Rs 634 against the previous close of Rs 598.80 on BSE. Market cap of the firm rose to Rs 17,280 crore on BSE today.