KPIT Technologies soars 19%, hits new high on heavy volumes

In the past one month, the stock has zoomed 49 per cent, as compared to 1.3 per cent decline in the S&P BSE Sensex

Shares of KPIT Technologies, on Wednesday, zoomed 19 per cent to hit a new high of Rs 206.05 on the BSE in intra-day trade on the back of heavy volumes. The trading volumes on the counter more-than-doubled with a combined 4.94 million equity shares, representing 1.8 per cent of the company's total equity, having changed hands on the NSE and BSE, till 02:13 pm.

In the past one month, the IT consulting & software company's stock zoomed 49 per cent, as compared to 1.3 per cent decline in the S&P BSE Sensex.

On March 10, Kishor Parshuram Patil,