KPIT Technologies, one of the multibagger stocks for 2022, reported a good Q4 FY2022 results that is above the market estimates, the small cap IT stock jumped more than 13% on the results day on 27th April 2022.
KPIT Technologies Q4 results 2022 – March Quarter ending FY22
Company’s revenue has increased 22% year on year and 5% quarter on quarter, whereas the net profit jumped more than 50% both year on year and quarter on quarter and its profit margin also increasing.
The company has also announced a final dividend of Rs.1.85 per share subject to approval of the shareholders in its annual general meeting.
About KPIT Technologies (KPITTECH)
KPIT Technologies Ltd. is a global IT Software & Engineering Services provider. It works in the field of next generation mobility solutions, embedded software, Artificial intelligence and digital solutions. More than 75% of its revenue comes from passenger vehicle segments and it would be a major beneficiary of electrical vehicle theme in India.
KPIT Technologies share price
KPIT Technologies share price is at Rs.554 and is a small cap stock with market capitalization of around Rs.15,000. Crore. The stock is running at a PE (Price to Earnings ratio) of 55 not much higher than its sector PE of 32. Its current Price to Book ratio is 10.2 with a face value of Rs.10. The stock is running at more than 25% below its recent 52 week highs of 800.
KPIT Technologies chart pattern
If we look at the candlestick chart of KPIT, the stock is running above its 200 Day moving average and is consolidating near its support of 20 day & 50 day exponential moving average. RSI is at 45.57 and MACD is below its baseline, which indicates the stock is consolidating and if it cross the resistance zone of 600 to 650 and sustain then it may gain good momentum in short term.
[The chart of KPITTECH we have presented here is on Upstox web platform. We personally use Zerodha & Upstox for investing and trading in Indian stock market.]
Multibagger Stocks for 2022 – KPITTECH
KPITTECH, this small cap IT stock has given a return of more than 180% in the last year and more than 410% multi-bagger return in past three years after its listing in 2019. It was not so popular in the market until the end of 2020, but after giving huge jump in returns, it comes to notice of retail investors. Although FII & DIIs are already holding a good stake of nearby 17% & 11% respectively and promoters have more than 40% of total shareholding pattern. And as per the fundamentals and future business growth prospects of KPIT Technologies, it has immense potential as the future of IT technology & engineering services & electrical vehicle sector has great opportunities.
Disclaimer : All the information and data provided here are for educational purposes only and not any type of buy or sell recommendation. Please make you own study and analysis or consult your financial advisor before taking any decision.
