1/5/2025, 11:32:03 am

Multibagger IT stock faces target price cuts after Q4 results

KPIT Technologies, a global ER&D services provider, reported a 47.5% YoY rise in Q4 net profit to ₹245 crore and 16% YoY revenue growth to ₹1,528 crore. However, brokerages cut target prices due to uncertain demand, slow deal ramp-ups, and macroeconomic headwinds. Kotak reduced its target to ₹1,000 from ₹1,170, while ICICI maintained a 'reduce' rating with a target of ₹1,100.