KPIT Technologies zooms 64% in 14 trading days on strong outlook

Since November 1, 2021, the stock has zoomed 141 per cent after KPIT Technologies raised outlook for revenue and profit for the financial year 2021-22 (FY22)

Shares of KPIT Technologies hit a new high of Rs 749, surging 19 per cent on the BSE in Friday's intra-day trade, on the back of heavy volumes. In the past 14 trading days, the stock of the information technology (IT) consulting & services company has zoomed 64 per cent on strong outlook.

At 09:58 am, KPIT Technologies was up 11 per cent at Rs 701.85, aa against 0.78 per cent rise in the S&P BSE Sensex. Trading volumes on the counter more-than-doubled as compared to two-week average daily volumes. A combined 6.5 million equity shares had changed hands