KPIT Tech hits record high ,surges 11% after raising
KPIT Tech hits record high, surges 11% after raising FY24 growth outlook
KPIT increased FY24 CC growth outlook to 37%+ from 27%-30% earlier and EBITDA outlook increased to 20%+ from 19%-20% earlier.
Shares of #KPITTechnologies hit a record high of Rs 1,249.95, as they rallied 5 per cent on the BSE in Tuesday’s intra-day trade in an otherwise volatile market after the company raised fiscal 2023-24 (FY24) growth outlook. In past two trading days, the stock has surged 11 per cent. In comparison, the S&P BSE Sensex was down 0.1 per cent at 64,051 at 09:311 AM.
#KPITTechnologies said it increased FY24 constant currency (CC) growth outlook to 37 per cent plus from 27 per cent - 30 per cent earlier. Earnings before interest, taxes, depreciation, and amortization (EBITDA) outlook increased to 20 per cent plus from 19 per cent - 20 per cent earlier.
KPIT increased FY24 CC growth outlook to 37%+ from 27%-30% earlier and EBITDA outlook increased to 20%+ from 19%-20% earlier.
Shares of #KPITTechnologies hit a record high of Rs 1,249.95, as they rallied 5 per cent on the BSE in Tuesday’s intra-day trade in an otherwise volatile market after the company raised fiscal 2023-24 (FY24) growth outlook. In past two trading days, the stock has surged 11 per cent. In comparison, the S&P BSE Sensex was down 0.1 per cent at 64,051 at 09:311 AM.
#KPITTechnologies said it increased FY24 constant currency (CC) growth outlook to 37 per cent plus from 27 per cent - 30 per cent earlier. Earnings before interest, taxes, depreciation, and amortization (EBITDA) outlook increased to 20 per cent plus from 19 per cent - 20 per cent earlier.