Buy KPIT Technologies, target Rs 138: Kunal Bothra
ETMarkets.com|
Oct 06, 2017, 08.54 AM IST
Independent analyst Kunal Bothra has a buy call on KPIT Technologies with a target price of Rs 138.
The current market price of KPIT Technologies is Rs 128.95.
Time period given by the analyst is intraday when KPIT Technologies price can reach defined target.
Kunal Bothra recommended to keep a stop loss at Rs 124.
KPIT Technologies, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 2,546.75 Crore) operating in Information Technology sector.
KPIT Technologies key Products/Revenue Segments include Software Development Charges which contributed Rs 1,297.50 Crore to Sales Value (98.12 per cent of Total Sales) and Intelligent Transport System which contributed Rs 24.83 Crore to Sales Value (1.87 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 868.48 Crore, up 1.27 per cent from last quarter Sales of Rs 857.57 Crore and up 8.12 per cent from last year same quarter Sales of Rs 803.24 Crore.
Company has reported net profit after tax of Rs 55.52 Crore in latest quarter.
The company's top management includes Dr.R A Mashelkar, Mr.Adi Engineer, Mr.Anant Talaulicar, Mr.B V R Subbu, Mr.Kishor Patil, Mr.S B Ravi Pandit, Mr.Sachin Tikekar, Ms.Lila Poonawalla, Prof.Alberto Sangiovanni Vincentelli.
Company has BSR & Co. LLP as its auditors.
As on 30-06-2017, the company has a total of 197,498,742 shares outstanding.
The current market price of KPIT Technologies is Rs 128.95.
Time period given by the analyst is intraday when KPIT Technologies price can reach defined target.
Kunal Bothra recommended to keep a stop loss at Rs 124.
KPIT Technologies, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 2,546.75 Crore) operating in Information Technology sector.
KPIT Technologies key Products/Revenue Segments include Software Development Charges which contributed Rs 1,297.50 Crore to Sales Value (98.12 per cent of Total Sales) and Intelligent Transport System which contributed Rs 24.83 Crore to Sales Value (1.87 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 868.48 Crore, up 1.27 per cent from last quarter Sales of Rs 857.57 Crore and up 8.12 per cent from last year same quarter Sales of Rs 803.24 Crore.
Company has reported net profit after tax of Rs 55.52 Crore in latest quarter.
The company's top management includes Dr.R A Mashelkar, Mr.Adi Engineer, Mr.Anant Talaulicar, Mr.B V R Subbu, Mr.Kishor Patil, Mr.S B Ravi Pandit, Mr.Sachin Tikekar, Ms.Lila Poonawalla, Prof.Alberto Sangiovanni Vincentelli.
Company has BSR & Co. LLP as its auditors.
As on 30-06-2017, the company has a total of 197,498,742 shares outstanding.
