Buy KPIT Technologies, target Rs 320: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on KPIT Technologies Ltd
with a target price of Rs 320.0
The current market price of KPIT Technologies Ltd
is Rs 302.0 Time period given by analyst is Intra Day when KPIT Technologies Ltd
price can reach defined target
Manas Jaiswal recommended to keep stoploss at Rs 290
KPIT Technologies Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 5942.74 Crore) operating in
Information Technology sector
KPIT Technologies Ltd
key Products/Revenue Segments include Software Development Charges which contributed Rs 1297.50 Crore to Sales Value (98.12 % of Total
Sales) and Intelligent Transport System which contributed Rs 24.83 Crore to Sales Value (1.87 % of Total Sales)for the year ending
31-Mar-2017
For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 966.43 Crore, up 5.88 % from last quarter Sales of Rs
912.77 Crore and up 12.69 % from last year same quarter Sales of Rs 857.57 Crore Company has reported net profit after tax of Rs 83.85 Crore
in latest quarter
Mr.B V R Subbu, Mr.Kishor Patil, Mr.Nickhil Jakatdar, Mr.S B Ravi Pandit, Mr.Sachin Tikekar, Ms.Alka Bharucha, Ms.Lila Poonawalla,
Prof.Alberto Sangiovanni Vincentelli
Company has BSR Co
LLP as its auditoRs As on 30-06-2018, the company has a total of 197,498,742 shares outstanding.