Persistent Systems continues to report strong growth even during the challenging times with increasing client engagement, Axis Securities said. The broking firm assigned KPIT Tech target price based on 47x FY26E EPS .
KPIT Technologies Q3 results: Deal wins are seen in $200-250 million range. KPIT may maintain its FY2024 revenue growth guidance of 37 per cent-plus in constant currency terms and also Ebitda margin outlook of 20 per cent.
KPIT Technologies on Tuesday reported a 55 per cent jump on a year-on-year (YoY) basis in the net profit at Rs 155.33 crore in the quarter ended on December 31, 2023.
KPIT Tech share price: The stock tanked 6.07 per cent to hit a day low of Rs 1,415. At this price, the scrip has declined 12.78 per cent in two days. Despite the mentioned fall, the multibagger counter has gained 106 per cent on a year-to-date (YTD) basis.