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Rs 198 to Rs 1,455 in three years: Multibagger IT stock falls 24% from record high; what s next?

Rs 113 to Rs 1,200: This IT stock turned into a multibagger in three years; time to buy, sell or hold?

Shares of KPIT Technologies Ltd have turned into multibagger in the last three years. The IT stock, which closed at Rs 113.45 on October 12, 2020 was trading at Rs 1201 in the current session, delivering 962% returns during the period. An amount of Rs 1 lakh invested in KPIT Technologies stock three years ago would have turned into Rs 10.57 lakh today. In comparison, Sensex has risen 63.44 per cent during the period. The stock touched its all-time high of Rs 1237.80 in the last session (October 12, 2023). It fell to a 52-week low of Rs 615.40 on October 19, 2022.  

Rs 68 to Rs 1,085: This IT stock turned into a multibagger in three years; buy, sell or hold?

Shares of KPIT Technologies Ltd have turned into a multibagger in the last three years. The IT stock, which closed at Rs 68.5 on July 17, 2020 ended at Rs 1,084.85 in the previous session, delivering 1,483% returns during the period. An amount of Rs 1 lakh invested in KPIT Technologies stock three years ago would have turned into Rs 15.83 lakh today. In comparison, Sensex has risen 81.25 per cent during the period. The stock touched an all-time high of Rs 1159.95 on June 7, 2023 and a 52 week low of Rs 500 on June 19, 2022.

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