KPIT Technologies rose 0.98% to Rs 134 at 11:10 IST on BSE after two block deals aggregating 9.4 lakh shares were executed on BSE at Rs 132.50 per share.
One block deal of 7 lakh shares was executed at 9:53 IST while another block deal of 2.4 lakh shares was executed at 10:00 IST.
The two block deals constitute 0.48% of KPIT Technologies' equity.
Meanwhile, the S&P BSE Sensex was up 82.08 points or 0.41% at 19,983.04.
On BSE, 9.91 lakh shares were traded in the counter as against average daily volume of 68,990 shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.84% at the day's high of Rs 135.15 so far during the day. The stock lost as much as 0.82% at the day's low of Rs 131.60 so far during the day. The stock had hit a 52-week low of Rs 92.40 on 28 March 2013. The stock had hit a record high of Rs 160 on 12 September 2013.
The stock had underperformed the market over the past one month till 23 September 2013, rising 1.22% compared with the Sensex's 7.46% surge. The scrip had, however, outperformed the market in past one quarter, jumping 10.49% as against Sensex's 6% gain.
The small-cap company has equity capital of Rs 38.67 crore. Face value per share is Rs 2.
KPIT Technologies' consolidated net profit surged 18% to Rs 60.14 crore on 8% growth in net sales to Rs 613.21 crore in Q1 June 2013 over Q4 March 2013.
KPIT Technologies is a global IT consulting and product engineering company focused on co-innovating domain intensive technology solutions for manufacturing corporations (with special focus on Automotive, Hi-Tech and Industrials verticals).
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