Buy KPIT Technologies, target Rs 240: Gaurav Ratnaparkhi, Sharekhan by BNP Paribas

Gaurav Ratnaparkhi of Sharekhan by BNP Paribas has a buy call on KPIT Technologies with a target price of Rs 240.

The current market price of KPIT Technologies is Rs 220.60.

Time period given by the analyst is two weeks when KPIT Technologies price can reach the defined target.


Gaurav Ratnaparkhi recommended keeping a stop loss at Rs 207.

"The stock was in consolidation mode for last few sessions. In terms of the price pattern, it formed a triangular pattern on the hourly chart and broke out on the upside in the last session. The daily momentum indicator is in line with the bullish price breakout. Also, on the daily chart, it has recently formed a Popgun pattern, whose follow through is expected on the upside," Ratnaparkhi said.