KPIT Technologies share are up by 0.99%, Nifty up by 0.3%

KPIT Technologies Share Price Today on : At 04 Oct 12:00 today, KPIT Technologies shares are trading at price ₹1690.45, 0.99% up from the previous closing price. Sensex is trading at ₹83134.13, up by 0.77%. The stock has hit a high of ₹1692.65 and a low of ₹1644.7 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 ₹1714.52, ₹1750.53, & ₹1787.77, whereas it has key support levels at ₹1641.27, ₹1604.03, & ₹1568.02.

Till 12 AM today, the volume traded on NSE & BSE for KPIT Technologies was -24.59% 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’s continued downtrend suggests a bearish trend is underway..

From a fundamental analysis perspective, the company has a ROE of 31.31% .The current P/E of the stock is at 68.87 .

The median 1-year forecasted upside in this share is at 14.11% 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 has gained 0.99% today to trade at ₹1690.45 in resonance with its peers. Its peers such as are also on the rise. Overall, benchmark indices Nifty & Sensex are up 0.3% & 0.77% each respectively.