India's KPIT Technologies rises after Motilal Oswal initiates with 'buy'

Tata Technologies

25/08/2025 06:57

** Motilal Oswal says KPIT Technologies KPIE.NS is well-placed to benefit from the growing complexity of vehicle software, on partnerships with global automakers and component suppliers

** Brokerage initiates coverage on the pure-play automotive engineering, research & design (ER&D) firm with "Buy" at PT of 1,600 rupees; a 34% premium to last close

** Says KPIT to benefit from scale benefits, acquisitions such as Caresoft, expanding architecture, and middleware capabilities

** Also initiates coverage on Tata Technologies TATE.NS and Tata Elxsi TTEX.NS with "Sell" at PT 580 rupees and 4600 rupees, respectively

** Says TATE's relatively higher share of mechanical engineering, on-site delivery results in lower margins

** Says TTEX's margins have come under pressure in recent quarters due to muted revenue growth

** KPIE, TATE, TTEX last up 2.6%, 1.3% and 0.07%, respectively

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))