Trending stocks: KPIT Technologies shares jump nearly 5%

NEW DELHI: Shares of KPIT Technologies Ltd. traded 4.92 per cent up in Thursday's trade at 10:17AM (IST). Around 22,828 shares changed hands on the counter.

The counter opened at Rs 44.95 and touched an intraday high and low of Rs 46.9 and Rs 44.95, respectively, in the session so far. Shares of the company of KPIT Technologies Ltd. quoted a 52-week high of Rs 111.1 and a 52-week low of Rs 34.45.

Total market cap of the KPIT Technologies Ltd. stood at Rs 1285.73 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 556.23 crore for the quarter ended 31-Mar-2020, up 1.12 per cent from previous quarter's Rs 550.09 crore and up 10.96 per cent from the year-ago quarter's Rs 501.27 crore.

The tech firm on Wednesday reported a 23.3 per cent rise in consolidated net profit to Rs 38.1 crore in March 2020 quarter. This is against a net profit of Rs 30.9 crore in the year-ago period, KPIT said in a regulatory filing.


Shareholding pattern
As of 31-Mar-2020, DIIs held 10.03 per cent stake in the company, while foreign institutional investors held 23.3 per cent and the promoters 41.64 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 8.77 and a price-to-book ratio of 1.31. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

KPIT Technologies Ltd. belongs to the IT Consulting & Software - Mid Cap industry.