India's KPIT Technologies hits over eight-month high

KPIT Technologies

07/10/2022 08:39

** Shares of automobile software solutions co KPIT
Technologies Ltd  KPIE.NS  rise as much as 4.4% to 693.15
rupees, their highest since Jan. 24
    ** Stock one of the top gainers on Nifty Small Cap 100 index
 .NIFSMCP100 , which is down 0.2%
    ** Stock posts sharpest intraday gain since Sept. 27 and on
track to rise for second straight session
    ** More than 2.9 mln shares traded as of 0727 GMT, vs 30-day
avg of ~2.5 mln shares
    ** Four of 9 brokerages rate the stock "buy" or higher, 3
"hold" and 2 "sell" or lower; their median PT is 565 rupees -
Refinitiv data
    ** Shares up 8.3% YTD, as of last close
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))