2/5/2025, 12:06:02 pm

Buy KPIT Technologies; target of Rs 1498: Anand Rathi

Anand Rathi remains positive on KPIT Technologies despite macro challenges. The company diversifies from Europe to APAC, increasing fixed-price contracts to aid margins. With QorixJV and collaborations with Chinese OEMs, KPIT targets Rs 1,498 (21.9% upside from Rs 1,229). The stock trades at 39x/31x FY26e/27e P/E. Reduced FY25-27e CAGR to 12.4%/13.6% due to weaker demand.