India's KPIT Technologies gains after June quarter earnings rise

KPIT Technologies

25/07/2023 07:52

** Shares of KPIT Technologies  KPIE.NS  rise as much as
3.61% to 1,095 rupees after reporting rise in June quarter
profit  
    ** KPIT posts 57% Y/Y jump in first-quarter profit as
revenue surges 60% 
    ** Trading volume is 2.37 mln shares as of 12:08 p.m. IST,
twice the 30-day avg - Refinitiv data
    ** Of the eight analysts tracking KPIE, two rate it "strong
buy," two "buy," two "hold," one "sell" and one "strong sell;"
median TP is 990 rupees 
    ** Stock up 56% this year versus 19% rise in Nifty Smallcap
100  .NIFSMCP100  index of which KPIE is a constituent

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))