KPIT Technologies Limited (KPITTECH) Receives a Buy from Bernstein
In a report released on April 29, Rahul Malhotra from Bernstein maintained a Buy rating on KPIT Technologies Limited (KPITTECH – Research Report), with a price target of INR1,400.00. The company's shares closed last Wednesday at INR1,253.60.
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According to TipRanks, Malhotra is an analyst with an average return of -2.7% and a 40.00% success rate.
In addition to Bernstein, KPIT Technologies Limited also received a Buy from J.P. Morgan's Bhavik Mehta in a report issued on April 28. However, on April 29, ICICI Securities maintained a Sell rating on KPIT Technologies Limited (NSE: KPITTECH).
Based on KPIT Technologies Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR13.65 billion and a net profit of INR2.04 billion. In comparison, last year the company earned a revenue of INR10.98 billion and had a net profit of INR1.34 billion
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