KPIT Technologies Ltd up by 10.98%: Market Update By Espresso


Espresso shot of the day – KPIT Technologies Ltd up by 10.98 percent

March 09, 2021
Espresso shot of the day – KPIT Technologies Ltd up by 10.98 percent

KPIT TECHNOLOGIES LTD 160.75 (+10.98%)  BSE – INE04I401011| 9TH MARCH 2021

KPIT Technologies Limited is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 6000+ Automobelievers across the globe, specialising in embedded software, AI & Digital solutions, KPIT Technologies Limited enables customers accelerate implementation of next generation mobility technologies. With development centers in Europe, Americas, Japan, China, Thailand and India – KPIT Technologies Limited works with leaders in mobility and is present where the ecosystem is transforming.

Recent Drivers

  • KPIT Technologies Limited reported net profit for the quarter at Rs 418 million as against Rs 279 million last quarters.
  • EBITDA of KPIT Technologies Limited for Q3FY21 is at 15.7% as compared to 14.3% last quarter.
  • KPIT Technologies Limited reported a marginal rise in December quarter net at Rs 42.9 crores as against Rs 40.9 crores in the year-ago period.
  • KPIT Technologies Limited reported overall revenues for the reporting quarter came at Rs 517 crores, as against Rs 485 crores in the September 2020 quarter.
  • Pune will become the first city in Asia to host the $ 25000 Women’s ITF championships as the KPIT –MSLTA ITF WTT Cup tennis championships played from March 7 to March 14. This tournament is sponsored by KPIT Technologies Limited in association with Maharashtra State Lawn tennis Association (MSLTA) and the PMDTA which was initialized by Kishor Patil, Co-Founder CEO and MD of KPIT Technologies Limited and the VP of MSLTA and President of PMDTA.
  • KPIT Technologies Limited said rise could be attributed to pent-up demand from previous quarters, and significant deal wins. This includes a strategic pact with the BMW group for the next generation charging programme.
  • Kishor Patil, Co-founder, Managing Director and CEO of KPIT Technologies Limited explained that there is huge focus in the electric vehicles space, especially in the US and Europe. 
 (Sources: MoneyControl, Punekar News, Business Standard,

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 3.67%
  • Traded on new 52- week high 169.40
  • Spurt in volume by more than 3.21 times compares to previous vol. 3 months avg qty – 1,42,347
  • Quantity traded 3,26,764. Deliverable quantity -1, 02,909(31.49 %)
  • Stock price has jumped more than 350% from one year low level – 34.45 26 March 2020
  • Daily RSI (14) is in overbought territory today, RSI central line crossed above central line 11 periods ago
  • 52 -week high – 169.40 | 52- week low- 34.45

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Some Key Ratios (Source: BSE)

Market Cap: 4406.86 crores

PE: 42.59

OPM%: 25.38

ROE%: 8.65

Promoters holding : 42.35

Prev. Close: 144.85

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.