India's KPIT Technologies hits record-high on strong Q4 results
27/04/2023 08:23
** Shares of KPIT Technologies KPIE.NS rises as much as
4.78% to a record-high of 948.80 rupees
** Shares rose over 6% on Wednesday due to 42% growth in Q4
net profit, revenue soared by 56% for the qtr
** KPIE also recommended a final dividend of 2.65 rupees per
share for FY2023
** The moving average convergence divergence (MACD line)
reversed above the signal line on Wednesday, suggesting bullish
bias after co's earnings
** About 3.44 mln shares change hands as of 12:35 p.m. IST,
more than the 30-day avg of 3.43 mln shares - Refinitiv data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))
Recent news on KPIT Technologies
See all newsIndia Stocks: Indian shares rise as gains in auto, financials outweigh IT losses
Brief: KPIT Technologies Expects Q2FY27 Revenue To Be In Line With Q1FY27 Revenue
India's KPIT Technologies drops after weak outlook
Brief: KPIT Technologies Says Operating Profitability, Net Profit Margin For Q1FY27 To Decline Sequentially
Brief: KPIT Technologies Expects Financial Performance For Q1 FY27 To Be Lower Than Expected