Buy KPIT Technologies, target price Rs 680: Geojit

Buy KPIT Technologies, target price Rs 680: Geojit
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Synopsis

KPIT Technologies Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 15617.97 Crore) operating in IT Software sector.

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Promoters held 40.11 per cent stake in the company as of 31-Dec-2021, while FIIs owned 20.38 per cent, DIIs 13.26 per cent.

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Geojit has buy call on KPIT Technologies with a target price of Rs 680. The current market price of KPIT Technologies is Rs 569.3. Time period given by analyst is one year when KPIT Technologies Ltd. price can reach defined target.

KPIT Technologies Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 15617.97 Crore) operating in IT Software sector.

KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Sale of Products for the year ending 31-Mar-2021.

Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 630.92 Crore, up 4.81 % from last quarter Total Income of Rs 601.95 Crore and up 20.42 % from last year same quarter Total Income of Rs 523.94 Crore. Company reported net profit after tax of Rs 70.65 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 40.11 per cent stake in the company as of 31-Dec-2021, while FIIs owned 20.38 per cent, DIIs 13.26 per cent.
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