KPIT Technologies share are up by 0.5%, Nifty up by 0.88%

KPIT Technologies Share Price Today on : At 08 Oct 16:00 today, KPIT Technologies shares are trading at price ₹1714.4, 0.5% up from the previous closing price. Sensex is trading at ₹81634.81, up by 0.72%. The stock has hit a high of ₹1727 and a low of ₹1686 during the day.

On the technical front, the stock is trading above the 5,10,100,300 days SMA & lower than the 20,50 day SMA. The stock will have support at 5,10,100,300 days SMA & face resistance at 20,50 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹1733.78, ₹1751.57, & ₹1775.68, whereas it has key support levels at ₹1691.88, ₹1667.77, & ₹1649.98.

Till 4 PM today, the volume traded on NSE & BSE for KPIT Technologies was -7.97% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock is currently experiencing a strong bullish trend.

From a fundamental analysis perspective, the company has a ROE of 31.31% .The current P/E of the stock is at 70.10 .

The median 1-year forecasted upside in this share is at 12.52% with a target price of ₹1929.00.

The company has a 39.47% promoter holding, 4.13% MF holding, & 22.23% FII holding as per filings in the june quarter.

The MF holding has increased from 3.15% in march to 4.13% in the june quarter.

The FII holding has decreased from 23.98% in march to 22.23% in the june quarter.

KPIT Technologies share price up 0.5% today to trade at ₹1714.4 while its peers are mixed. Its peers such as Cyient are falling today, but its peers Coforge, Tata Elxsi, Affle India are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.88% & 0.72% each respectively.