KPIT Technologies share price up over 15%, Goldman Sachs positive outlook

KPIT Technologies share price
KPIT Technologies share price

A sharp rise has been seen in the share of KPIT technologies since this morning. The company’s stock price was up more than 15% in early trade and by 12 o’clock the company’s stock price was up 13.03%.

In the last one year, the company has given multi-bagger returns of 420%. Famous brokerage and investment banking firm Goldman Sachs in its latest report has described the outlook of KPIT Technologies as positive.

KPIT Tech is focusing heavily on connected autonomous share and electric technologies which are used in smart automobiles and electric vehicles.

The focus of the auto industry is also shifting to adopting technologies, so R&D spending in this area may triple around $61 billion between FY21 to FY26.

Read Also: 3 Penny Stocks list for 2022 with Fundamental analysis

KPIT Technologies share Financial

52 Week High750.00
52 Week Low104.35
Sector PE43.78
Face Value10
Dividend Yield0.21
Mkt Cap (Rs. Cr.)19,498
Book Value Per Share44.31

When this happens, KPIT Technologies will get its direct benefit, the company is witnessing a robust demand due to which a strong growth is expected in the order line of the company.

In the last one year, there has been a good improvement in the revenue and profit of the company.

Net Profit (2021)147 Cr
Debt to equity (2021)0.00
Revenue2035 Cr
EPS5.43
ROE12.10
Dividend/Share (INR)1.50
Promoters holding (Sep. 2021)40.14%

Read Also: Share Market Today, Sensex falls 621 pts, Nifty below 17,800, and US Fed’s hawkish stance

Read Also: Paytm share price, Morgan Stanley expects share price to rise by 40.55%

Read Also: Lemon Tree Hotel share price jumps 10%, Goldman Sachs acquires 0.37% stake

Read Also: Hinduja Global Solutions share price jumps 19%, directors can declare dividend & bonus equity shares

Read Also: Auto stocks rise on December sales data, Royal Enfield sold almost 74000 units in December

Read Also: DMart share Business model which is India’s most profitable retail chain | Avenue Supermarts Limited

FAQ

How did Goldman Sachs describe the outlook of KPIT Technologies in its latest report?

Famous brokerage and investment banking firm Goldman Sachs in its latest report has described the outlook of KPIT Technologies as positive. KPIT Tech is focusing heavily on connected autonomous share and electric technologies which are used in smart automobiles and electric vehicles.

How is the growth expected of Auto Industry at KPIT Technologies till FY26?

KPIT Tech is focusing heavily on connected autonomous share and electric technologies which are used in smart automobiles and electric vehicles. The focus of the auto industry is also shifting to adopting technologies, so R&D spending in this area may triple around $61 billion between FY21 to FY26.