KPIT Technologies gains on investing in KPIT Technologies GmbH
KPIT Technologies is currently trading at Rs. 1676.90, up by 21.50 points or 1.30% from its previous closing of Rs. 1655.40 on the BSE.
The scrip opened at Rs. 1658.75 and has touched a high and low of Rs. 1680.00 and Rs. 1656.10 respectively. So far 29623 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1928.75 on 12-Jul-2024 and a 52 week low of Rs. 1,065.05 on 9-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1709.45 and Rs. 1627.55 respectively. The current market cap of the company is Rs. 45739.52 crore.
The promoters holding in the company stood at 39.47%, while Institutions and Non-Institutions held 38.87% and 21.66% respectively.
KPIT Technologies has further invested 10 million euro in KPIT Technologies GmbH, a wholly owned step-down subsidiary of the Company. The investment is made on September 24, 2024. KPIT Technologies GmbH is engaged in Engineering services predominantly in Automotive sector. Accordingly, the investment is being undertaken by the company in line with its main business.
KPIT Technologies is a global technology company with software solutions that will help mobility leapfrog towards an autonomous, clean, smart and connected future.
