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KPIT DEAL CLOSURES
KPIT Technologies Q2 profit dips 17% to Rs 169 crore; revenue rises 8% to Rs 1,587.7 croreThe Pune-headquartered company had posted a profit of Rs 203.7 crore in the year-ago period, according to a regulatory filing.- F&O Talk | Foreign outflows, IT drag pull nifty lower; next support at 24,500: Rahul GhoseIndian markets declined amid global volatility and profit booking, with FMCG outperforming and IT, defence dragging indices lower. Rahul Gh...
- Dollar's slide may help IT add 70–300 basis points to Q1 revenuesCurrency movements are expected to boost Indian tech revenues. A falling dollar provides a tailwind for the rupee, which should increase re...
- KPIT Tech shares fall over 5% after caution on slower deal closures, demand uncertaintyKPIT Technologies' shares declined by 5.4% due to a flagged weak demand environment and slower deal closures. Despite this, the company's b...
- ER&D services companies face headwinds, growth slowest in four fiscal yearsA large part of the dent is because of the increasing costs, competition and regulatory changes reducing client spends impacting the automo...
- Stocks in the news: DHFL, Indiabulls Real Estate, Wipro, Cyient and Schneider ElectricUS-based investment firm Blackstone may acquire Indiabulls Real Estate's promoters' stake.
- India Inc announces deals worth $1,893 mn in February: Grant ThorntonAccording to Grant Thornton, there were 40 M&A transactions worth $1,893 mn in February, while in the corresponding period a year ago there...
- Who will finally stand up for bruised & battered IT in Q1?During previous quarter, IT stocks underperformed benchmarks with BSE IT Index falling 5%.
- Believe Q2 to be better than Q1; complexion of income will change: Ravi Pandit, KPIT Technologies"We believe that utilities is okay, especially utilities as they relate to renewable energies and we are seeing some traction there."
- KPIT Q1 revenue falls 3.3% sequentially as turnaround continuesKPIT said it is working on four areas to improve performance – profitability improvement, people development, predictability and growth.
- Most wanted stocks: Top 8 scrips on which fund managers have been bullish in the past yearThe returns from some stocks can be incredibly high. To make money, one must focus on companies with solid fundamentals and sectors with br...
- Why KPIT Tech is poised for growthKPIT Tech’s recent poor performance compared to its peers makes it a value pick now. Analysts are bullish for various reasons.
- KPIT Cummins Q1 Net up 17.5 pc at Rs 60.13 crThe Pune-headquartered firm had posted a net profit of Rs 51.28 crore in the year-ago period, it said in a release.
- Five fundamentally strong picks in IT sector to beat market volatilityIT shares have been market outperformers so far in 2013, with the BSE IT index up 20 pc as compared to 3.1 pc fall in the main index.
- KPIT Cummins Q1 net up over two-fold at Rs 53.55 croreIT company KPIT Cummins today reported an over two-fold rise in consolidated net profit at Rs 53.55 crore for three months period which end...
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