KPIT Technologies Shares Witness 18 Per Cent Rise On Friday

New Delhi: Shares of KPIT Technologies on Friday's intra-day witnessed a new high of Rs 749 as it surged 19 per cent on the Bombay Stock Exchange (BSE).

Notably, in the past 14 days trading days, the stock of the information technology (IT) consulting and services company has gained 64 per cent.

At 09:58 am, KPIT Technologies stock was up by 11 per cent at Rs 701.85, as against a 0.78 per cent rise in the S&P BSE Sensex. On the other hand, as compared to two-week average daily volumes, the trading volumes on the counter were more-than-doubled.

The stock has zoomed 141 per cent since November 1, 2021, after the company raised the outlook for revenue and profit for the financial year 2021-22.

As per the company, for FY22, revenue growth outlook has been increased to 18 to 20 per cent, while Earnings Before Interest Tax Depreciation and Amortization (EBITDA) margined outlook have been revised to 17.5 per cent.