Buy KPIT Technologies, target price Rs 2150: Axis Securities

Axis Securities has buy call on KPIT Technologies with a target price of Rs 2150. The current market price of KPIT Technologies Ltd. is Rs 1831.05.

KPIT Technologies Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 48631.74 Crore) operating in IT Software sector.

KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1419.07 Crore, up 6.34 % from last quarter Total Income of Rs 1334.43 Crore and up 26.80 % from last year same quarter Total Income of Rs 1119.13 Crore. Company reported net profit after tax of Rs 204.82 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 39.47 per cent stake in the company as of 30-Jun-2024, while FIIs owned 22.23 per cent, DIIs 16.49 per cent.