KPIT Technologies Stock Dips to ₹1641: Is a Recovery Possible After 2.91% Decline?

KPIT Technologies Stock Dips to ₹1641  October 23, KPIT Technologies shares are trading at ₹1,641, reflecting a 2.91% decline from the previous closing price. The Sensex is down by 0.17%, trading at ₹80,081.98. Throughout the day, KPIT’s stock reached a high of ₹1,742 and a low of ₹1,622.7.

From a technical perspective, the stock is above its 300-day Simple Moving Average (SMA) but below the 5, 10, 20, 50, and 100-day SMAs, indicating potential support at the 300-day SMA. Resistance is likely at the shorter-term SMAs.

The SMA values for the stock are:
– 5-day: ₹1,770.85
– 10-day: ₹1,762.20
– 20-day: ₹1,717.68
– 50-day: ₹1,756.96
– 100-day: ₹1,702.56
– 300-day: ₹1,604.82

Pivot point analysis suggests key resistance levels at ₹1,711.77, ₹1,788.53, and ₹1,833.92, with support levels at ₹1,589.62, ₹1,544.23, and ₹1,467.47. The stock’s current downward trend signals a bearish outlook.

On the fundamental side, KPIT has a return on equity (ROE) of 31.31%, and its price-to-earnings (P/E) ratio stands at 70.92. The median 1-year target price is ₹1,929, implying a 17.55% upside.

In terms of holdings, promoter ownership is 0%, mutual funds hold 4.30% (up from 4.13% in June), and foreign institutional investors (FII) hold 20.95% (down from 22.23% in June).

While KPIT shares are down today, some of its peers, including PB Fintech, Mphasis, Coforge, and Tata Elxsi, are seeing gains. The broader Nifty and Sensex indices are also down, by 0.15% and 0.17%, respectively.

KPIT Technologies Stock Dips to ₹1641 October 22, KPIT Technologies shares are trading at ₹1,686.9, down 2.26% from the previous closing price. The Sensex has dropped by 1.15%, trading at ₹80,220.72. During the day, KPIT’s stock reached a high of ₹1,745.35 and a low of ₹1,681.05.

Technically, the stock is above its 300-day Simple Moving Average (SMA) but below the 5, 10, 20, 50, and 100-day SMAs. This suggests the stock may find support at the 300-day SMA, while resistance is likely at the shorter-term SMAs.

The SMA values for KPIT Technologies are:
– 5-day: ₹1,784.03
– 10-day: ₹1,760.21
– 20-day: ₹1,714.45
– 50-day: ₹1,756.28
– 100-day: ₹1,700.80
– 300-day: ₹1,603.84

Pivot analysis highlights resistance levels at ₹1,731.73, ₹1,770.17, and ₹1,795.38, with support at ₹1,668.08, ₹1,642.87, and ₹1,604.43. By 4 PM, trading volume for KPIT Technologies on NSE and BSE was 5.56% higher than the previous session, which could signal a continued price decline, as volume increases often reflect stronger trends.

Fundamentally, KPIT has a return on equity (ROE) of 31.31% and a price-to-earnings (P/E) ratio of 73.40. The stock has a 1-year target price of ₹1,929, indicating a potential upside of 14.35%.

In summary, technical indicators suggest a bearish trend, with the stock continuing its downward movement amidst rising trading volumes.

KPIT Technologies Stock Dips to ₹1641  October 17, KPIT Technologies shares are trading at ₹1,784, reflecting a 1.27% increase from the previous closing price. Meanwhile, the Sensex is down by 0.48%, trading at ₹81,111.37. The stock has reached a high of ₹1,800 and a low of ₹1,755.25 during the day.

On the technical front, the stock is currently above the short-term simple moving averages (SMA) for 5, 10, and 20 days, as well as the longer-term moving averages for 50, 100, and 300 days.

The SMA values for KPIT Technologies are as follows:
– 5-day: ₹1,768.51
– 10-day: ₹1,729.87
– 20-day: ₹1,708.70
– 50-day: ₹1,757.29
– 100-day: ₹1,692.50
– 300-day: ₹1,600.45

By 11 AM, trading volume for KPIT Technologies on the NSE and BSE was 21.20% lower than in the previous session. Volume is a crucial indicator for analyzing trends; typically, positive price movement with higher volume suggests a sustainable uptrend, while negative price movement with increased volume could indicate further declines.

KPIT Technologies Stock Dips to ₹1641  Overall, the stock is currently experiencing a strong bullish trend. From a fundamental perspective, KPIT has a return on equity (ROE) of 31.31%, and its price-to-earnings (P/E) ratio is 72.38.

In terms of ownership, the company has 0.00% promoter holding, 4.30% mutual fund holding, and 20.95% foreign institutional investor (FII) holding. Notably, FII holding has decreased from 22.23% to 20.95% in the latest quarter.

While KPIT shares are up today, its peers present a mixed picture: Coforge and Affle India are declining, while Mphasis and Tata Elxsi are gaining. Overall, both the Nifty and Sensex indices are down, by 0.59% and 0.48%, respectively.