KPIT Technologies Shares Cross Rs 1,200 Mark

KPIT Technologies shares climbed back above the Rs 1,200 mark after six days in the afternoon session today. The rise in the stock came after JPMorgan maintained its ‘Overweight’ rating on the auto engineering and R&D company.

Shares of KPIT Technologies went up 6.52%, reaching Rs 1,214 compared to the previous close of Rs 1,139.60. The stock had earlier touched a 52-week high of Rs 1,483.80 on January 7, 2025.

A total of 77,000 shares were traded today, generating a turnover of Rs 9.15 crore on the BSE. The company’s market capitalization increased to Rs 38,333 crore following the rally.

The jump in KPIT’s stock reflects strong investor confidence after the positive rating from JPMorgan, signaling optimism about the company’s future growth in the auto engineering and research sector.