KPIT Technologies share are up by 1.73%, Nifty up by 0.57%

KPIT Technologies Share Price Today on : At 23 Sep 16:00 today, KPIT Technologies shares are trading at price ₹1690, 1.73% up from the previous closing price. Sensex is trading at ₹84928.61, up by 0.45%. The stock has hit a high of ₹1697.35 and a low of ₹1647.8 during the day.

On the technical front, the stock is trading above the 100,300 days SMA & lower than the 5,10,20,50 day SMA. The stock will have support at 100,300 days SMA & face resistance at 5,10,20,50 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 ₹1710.33, ₹1727.82, & ₹1758.98, whereas it has key support levels at ₹1661.68, ₹1630.52, & ₹1613.03.

Till 4 PM today, the volume traded on NSE & BSE for KPIT Technologies was 34.02% higher 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, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 31.31% .The current P/E of the stock is at 68.29 .

The median 1-year forecasted upside in this share is at 12.48% with a target price of ₹1900.93.

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 1.73% today to trade at ₹1690 while its peers are mixed. Its peers such as Tata Elxsi, Coforge, Cyient are falling today, but its peers Affle India are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.57% & 0.45% each respectively.