India's KPIT Tech gains on Q1 profit, rev surge

KPIT Technologies

24/07/2024 08:51

** Shares of IT firm KPIT Technologies  KPIE.NS  up 4.2% at
1,868 rupees
    ** Co reports 52% rise in Q1 profit, while rev surged 24% 
    ** Auto-focused software developer also merged unit Future
Mobility Solutions with co
    ** 10 out of 14 analysts rate shares "buy" or above; 2
"hold"; 2 "strong sell"; stk "buy" rated on average, median PT
at 1,725 rupees - LSEG data
    ** Stk up 22.6% YTD 



 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))