External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>KPIT Technologies Ltd. (KPIT) reported revenue of Rs 1,199 Cr in Q2FY24, up 9.3% QoQ and 8.4% QoQ (in CC terms) which stood above our expectations.</li><li>The company’s operating profit stood at Rs 192 Cr, reporting an encouraging growth of 10% on a QoQ basis.</li><li>This was also above our expectations. The company’s operating margins remained flat at 20% despite of wage hike in this quarter, which is commendable. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KPIT Technologies Ltd. (KPIT) reported revenue of Rs 1,199 Cr in Q2FY24, up 9.3% QoQ and 8.4% QoQ (in CC terms) which stood above our expectations.The company’s operating profit stood at Rs 192 Cr, reporting an encouraging growth of 10% on a QoQ basis.This was also above our expectations. The company’s operating margins remained flat at 20% despite of wage hike in this quarter, which is commendable. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KPIT Technologies Ltd. - Robust Execution; Resilient Outlook to Support Growth

<ul><li>We initiate coverage on KPIT Technologies Ltd (KPIT) with a BUY rating and Target Price of Rs 1500/share, implying an upside of 28% from the CMP.</li><li>We believe KPIT is well-placed to revive its growth momentum andthis recovery would be driven by 1) Significant growth opportunities in the ER&amp;D space in the automobile vertical,2) Sustainable operating margins on account of better services mix and improving operational efficiencies,3) Robust balancesheet, strong return ratios,and healthy free cash flow generation, 4) Efficient execution capabilities, and 5) The company’s rampup in new deal wins along with strong client additions</li><li>.We believe these attributes would aid KPITin achieving sustainablegrowth in the longterm.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We initiate coverage on KPIT Technologies Ltd (KPIT) with a BUY rating and Target Price of Rs 1500/share, implying an upside of 28% from the CMP.We believe KPIT is well-placed to revive its growth momentum andthis recovery would be driven by 1) Significant growth opportunities in the ER&amp;D space in the automobile vertical,2) Sustainable operating margins on account of better services mix and improving operational efficiencies,3) Robust balancesheet, strong return ratios,and healthy free cash flow generation, 4) Efficient execution capabilities, and 5) The company’s rampup in new deal wins along with strong client additions.We believe these attributes would aid KPITin achieving sustainablegrowth in the longterm.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KPIT Technologies Ltd - Engineered for Accelerated Growth

India

KPIT Technologies Limited operates as a technology company. The Company specializes in embedded software, artificial intelligence, and digital solutions. KPIT Technologies serves automobile industry worldwide.

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