India's KPIT Tech eyes best day in six months after raising margin estimate

L&T Technology Services

29/01/2025 09:52

** Shares of KPIT Technologies Ltd  KPIE.NS  jump 8.8% to
1,310 rupees, set for their best day since mid-July 2024
    ** KPIE lifts FY25 EBITDA margin target to 21% from earlier
estimate of 20.5% 
    ** Automotive tech firm reports 20% rise in Q3 profit,
helped by strong demand from carmaker clients
    ** Over 9.5 mln shares traded in stock's busiest session in
3 months vs 30-day avg volume of 986,000 shares
    ** Analysts tracking KPIE rate it "buy" on avg. vs "sell"
and "hold" for its peers Tata Elxsi  TTEX.NS  and L&T Technology
Services  LTEH.NS , respectively - LSEG-compiled data
    ** Stock trims losses in January to 6.5%, lags LTEH's 12.7%
growth but fares better than TTEX's 9% drop

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))