KPIT
Expect another 10-15% move in TCS, Infosys going ahead: Sandip Agarwal
So, if you see, four quarters back, same quarter last year the margin was 23.5 and now it is 24.7. So, there is a 120 basis point improvement in margin despite the wage hike impact which is there. So, it implies that this year they will end somewhere around 27%.
Billion-dollar specialists! Persistent, KPIT to outperform with up to 30% returns, says Bernstein
Bernstein has an outperform rating for Persistent Systems and KPIT, setting a target price of Rs 5,920 for Persistent, reflecting a 30% upside scope, and Rs 2,120 for KPIT, indicating a 25% upside potential.
Focus on autonomous vehicles, EU expansion drive KPIT’s growth
Despite global challenges like supply chain issues and the rise of AI, KPIT Technologies has continued to grow, CEO Kishor Patil told ET. This is due to the company's smart investments in areas like EVs and self-driving cars, along with their timely expansion into European markets, he added.
Indian software sector earnings will remain modest in Q1: here’s why
Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
Infosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM Financial
Stating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.
Trader's Corner: Midcap scripts 8% rise as IT services stock aims at 7% gain
Momentum moving to many other sectors and stocks
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Buy KPIT Technologies, target price Rs 2030: JM Financial
KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2023.
These 4 stocks showing RSI Trending down on June 14
On June 14, four stocks from the Nifty200 pack appeared in the RSI Trending down scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed below 50 from above. "RSI trending down" means that the Relative Strength Index (RSI) values are decreasing, suggesting a weakening momentum in the price of the price. This can indicate potential downward movement and may be used by traders to identify selling or bearish opportunities.
How the Indian GCC boom is lighting up prospects of IT firms
With India emerging as a hub for global capability centres (GCCs), IT services companies are cashing in, setting up projects, looking for partnership opportunities, and even acquiring such centres.
TRADERS’ CORNER: Coal miner set for 6% rise; IT consulting stock to soar 9%
Nifty 50 formed its low point in early minutes before moving up. But it finally ended with a loss.
Nifty Outlook: Expert predicts consolidation, suggests profit booking & sectoral rotation
Financial expert Osho Krishan discusses the current state of the Nifty index and provides insights into market movements and sectoral trends. He says the Nifty is experiencing a rising channel pattern and suggests that investors consider booking profits around the 23,080 to 23,160 levels. Krishan also emphasizes the importance of trailing stop losses and utilizing dips to accumulate long positions. He predicted sectoral rotation, with IT stocks gaining traction.
LTIMindtree former CFO Vinit Teredesai joins Persistent Systems
Born out of the merger between L&T Infotech and Mindtree in November 2022, LTImindtree has seen several exits over the past year which the CEO Debashis Chatterjee recently attributed to “business as usual” and is comfortable with its leadership team on board for growth going forward..
Buy Birlasoft, target price Rs 810: Anand Rathi
Birlasoft Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2023.
Market Trading Guide: Dr Reddy, KPIT Technologies among 5 stock recommendations for Monday
Indian shares dropped on Friday, as profit booking emerged after the Nifty 50 scaled a record high, trimming weekly gains for the blue-chip indices. The S&P BSE Sensex closed 1% lower at 73,878, while the NSE Nifty50 index ended below the 22,500 level. "The short-term trend of Nifty seems to have reversed down. The higher top of the bullish pattern is likely to have completed on Friday at the swing high of 22794 levels and the short-term downward correction is expected in the coming sessions. Immediate resistance is at 22600 and the next downside levels to be watched around 22120 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities. Here are 5 stock recommendations for Monday:
Hot Stocks: Brokerage view on UltraTech Cement, KPIT Tech, PNB Housing and Trent
The company delivered a strong performance, quite like Tata, but disclosures are quite unlike. Confidence seems high, which is reflected in the proposed (cash) 3Y incentive scheme for eligible staff.
KPIT Tech Q4 Results: Net profit zooms 49% to Rs 165.9 crore; co expects slower revenue growth in FY25
Auto industry-focused KPIT Technologies on Monday reported a 49 pc jump in March quarter net profit to Rs 165.9 crore, helped by a strong revenue growth and widening of profit margins.
KPIT posts strong FY24 numbers, to add new verticals and expand in Asia
KPIT Technologies shows robust financial performance with significant revenue and profit growth. The company focuses on consistent growth, expanding into new segments, and geographical diversification for future success.
KPIT Tech shares surge 7% after PAT grows 47% in Q4
KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 1,317.8 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.
Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
Chrys Capital looks to sell GeBBS at $1b valuation
ChrysCapital, the largest homegrown PE fund, is looking to sell GeBBS Healthcare Solutions, about six years after acquiring the Los Angelesbased healthcare business process outsourcing (BPO) company, said multiple people aware of the development. A potential deal is likely to value GeBBS at $800 million to $1 billion, the people said.
EV not a fad but a structural change in auto industry: Ravi Pandit, KPIT Technologies
I believe both these present extraordinary opportunities for not only growth for auto industry and technology companies like us, but I think it promises a very-very good future for a country like India because it can bring in energy security, it can bring in better air and all that. So, we are really very-very excited about this shift.
JP Morgan upgrades Persistent Systems, KPIT Tech and LTIMindtree ahead of Q4 results
In a significant move, JP Morgan, one of the leading global financial institutions, has announced a series of upgrades and adjustments for several key players in the Indian IT sector ahead of the fourth-quarter results.
Wipro picks minority stake in SDVerse with nearly $6-million investment
Wipro, along with GM and Magna, have teamed up to develop a B2B sales platform for buying and selling automotive software. Prashant Gulati has been named CEO of SDVerse effective March 5, 2024.
Can buy into IT midcaps on 15-20% correction: Dipan Mehta
Dipan Mehta of Elixir Equities is positive on software companies, particularly HCL Tech., but he would prefer to go for midcap IT stocks. But there I should expect some more correction before I look at buying into those companiesHe questions the credibility of Zee's management and doubts their ability to create value. Mehta prefers to wait and watch the performance of recently listed banking and power financier companies before making investment decisions.
KPIT Technologies Q3 Results: Net profit jumps 50% to Rs 157 crore
The company outperformed the market predictions and announced an interim dividend of Rs 2.10 per equity share of face value of Rs 10 each
KPIT posts 50% jump in net profit, hikes margin outlook
The Pune-based IT firm’s consolidated revenue rose by 37.06% to Rs 1,256.96 crore as compared with Rs 917.11 crore in the year-ago period.
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