This IT midcap stock is soaring to new all time highs!

KPITTECH

KPIT Technologies is a tech giant that specializes in computer programming, consulting and other related services. A specialist in embedded software, AI, and digital solutions, it helps companies adopt next-generation mobility tech. The company has R&D units throughout Europe, the United States, Japan, China, Thailand, and India.

Quarterly Y-o-Y sales, net margin and EBITDA have shown 40-50% growth in the past year. However, the margins have not shown much growth.

ROE and ROCE have been well above the cost of capital in India at more than ~20%.

Promoter holding is healthy with negligible pledging.

With consistently higher dividends, the company is expected to post good results in the coming quarterly earnings.

Stock price has jumped about 40 per cent in the last six months and tested a new all-time high today. Evidently the stock price is showing great relative strength compared to Nifty which has been in correction since many weeks.

Source: tickertape.in, screener.in

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