KPIT Tech guided for a 31-32 per cent revenue growth in constant currency (CC) terms. It pegged organic growth outlook at 23 per cent-plus against 18-21 per cent earlier.
KPIT Technologies stock gained 5.88 per cent to Rs 634 against the previous close of Rs 598.80 on BSE. Market cap of the firm rose to Rs 17,280 crore on BSE today.
Read more about IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs on Business Standard. The $1.9 trillion Covid relief bill stimulus, if passed, will boost the US economy and will, in turn, positively impact the IT industry, ICICI Securities said in a note