Shares of KPIT Technologies is locked in lower circuit of 20% at Rs
124, also its 52-week low on the NSE, after reporting a 23% quarter
on quarter decline in its consolidated net profit at Rs 50.31 crore
for the quarter ended March 2015 (Q4). The IT consulting &
services firm had profit of Rs 65.33 crore in December 2014
quarter.Net revenues declined by 2.2% at Rs 762 crore on sequential
basis. EBITDA margins stood at 5.26% against 13.84% in previous
quarter.
Investment Ideas By Moneymaker Expert
@ Sell VAKRANGEE
LTD below 109 targets 112 stop loss 101.
@ Buy AMTEK INDIA above 103 targets 106 stop loss 102.
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