/ KPIT Technologies Gains As Promoters Increase Stake ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 28 March 2017

Stock of KPIT Technologies gained 0.8%, as the Company announced that their promoters have increased their stake in the company by 2.22%. The promoters through Proficient Finstock LLP (Proficient) have purchased 43.75 lakh shares of KPIT Technologies. This is now taking the total promoter holding to 19.94%.

KPIT Technologies in Q3FY17 posted 30.97% rise in its consolidated net profit to Rs 73.58 crore (QoQ). The stock has delivered negative returns of 9% in a period of one year, outperforming the BSE Small-cap and BSE IT indices over the same time span.

KPIT Technologies Limited is a technology company. It is engaged in computer programming, consultancy and related activities. The company’s business segments include Auto, IES, SAP and others.

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