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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 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. ....
Brokerage Axis Securities has initiated coverage on the stock with a “buy” rating and believes KPIT Technologies is well-placed to revive its growth momentum. The brokerage has a price target of Rs 1,500 for the stock. ....
KPIT Tech share price: The counter's 14-day relative strength index (RSI) came at 62.48. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-equity (P/E) ratio of 90. It has a price-to-book (P/B) value of 18.22. ....