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 Technologies shares have gained without any commensurate fundamental catalyst, Kotak said. The domestic brokerage said a more nuanced understanding is required to forecast evolution of its addressable market.
Analysts say outlook remains bullish for KPIT Technologies, which stock price has experienced a strong upward movement after breaking out from the ascending triangle pattern at Rs 948
The stock also formed bullish candlestick pattern with long lower shadow on the monthly charts, indicating buying at lower levels, with continuing higher highs formation for fifth consecutive month.