Buy KPIT Technologies, target Rs 135.0 : Motilal Oswal Securities

Motilal Oswal Securities has a buy call on KPIT Technologies Ltd. with a target price of Rs 135.0 .The current market price of KPIT Technologies Ltd. is Rs 128.7 Time period given by the brokerage is Intra Day when KPIT Technologies Ltd. price can reach defined target. Motilal Oswal Securities recommended to keep stoploss at Rs 125.0 .

KPIT Technologies Ltd., incorporated in the year 1990, is a midcap company (with a market cap of ₹ 2533.91 crore) operating in Information Technology sector.

KPIT Technologies Ltd. key Products/Revenue Segments include Software Development Charges which contributed ₹ 1243.09 Cr to Sales Value (98.51 % of Total Sales) and Intelligent Transport System which contributed ₹ 18.76 Cr to Sales Value (1.48 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 857.57 Cr., up 3.31% from last quarter Sales of ₹ 830.08 Cr. and up 2.00% from last year same quarter Sales of ₹ 840.72 Cr. Company has reported net profit after tax of ₹ 53.73 Cr. in latest quarter. The company’s CEO is Mr.Kishor Patil. It's Board of Directors include Ms.Sneha Padve, Dr.R A Mashelkar, Mr.Abhishek Sinha, Mr.Adi Engineer, Mr.Anant Talaulicar, Mr.Anil Patwardhan, Mr.Anup Sable, Mr.B V R Subbu, Mr.Kishor Patil, Mr.Pankaj Sathe, Mr.Pawan Sharma, Mr.S B Ravi Pandit, Mr.Sachin Tikekar, Mr.Sachin Tikekar, Mr.Sanjay Kukreja, Ms.Lila Poonawalla, Ms.Sneha Padve, Prof.Alberto Sangiovanni Vincentelli. Company has its registered office at VLSI Center, S No.92/5, Salarapuria Supreme,, Next to Innovative Multiplex,, Bangalore, 560037, Karnataka. Company has BSR & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 197,498,742 shares outstanding.