India's KPIT Technologies rises on digital partnership with Honda

KPIT Technologies

15/03/2023 06:19

** Shares of KPIT Technologies  KPIE.NS  rise as much as
3.71%, most intraday gain in over five weeks, to 807.40 rupees
    ** Tech firm, which is focused on automobile engineering and
mobility solutions, announces partnership to help Honda's
digital transformation
    ** KPIE will share its domain and software expertise in
autonomous driving, vehicle electrification, in-vehicle
infotainment and platform software with Honda
    ** About 780,916 shares of KPIE change hands as of 11:42
a.m. IST, nearly half the 30-day avg of 1.86 mln shares -
Refinitiv data
    ** Of the nine analysts tracking KPIE, five maintain "buy",
two suggest "hold" and two recommend "sell"; median TP is 700
rupees - Refinitiv data



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