Birlasoft Ltd.

BSE: 532400 | NSE: BSOFT
Small Cap | IT - Software
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KPIT soars on entering into strategic collaboration with Kinetiq

Date: 22-06-2018

KPIT Technologies is currently trading at Rs. 278.65, up by 2.25 points or 0.81% from its previous closing of Rs. 276.40 on the BSE.

The scrip opened at Rs. 277.00 and has touched a high and low of Rs. 279.65 and Rs. 276.65 respectively. So far 5617 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 290.00 on 04-Jun-2018 and a 52 week low of Rs. 104.60 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 284.90 and Rs. 272.85 respectively. The current market cap of the company is Rs. 5458.87 crore.

The promoters holding in the company stood at 18.93%, while Institutions and Non-Institutions held 54.06% and 27.00% respectively.

KPIT Technologies has entered into a strategic collaboration with Kinetiq, the leader in life sciences and clinical research management consulting, to deliver new life-sciences focused business technology applications.

The alliance strengthens the core service offerings of both the organizations in supporting life sciences customers. Kinetiq will provide professional regulatory compliance consulting capabilities to KPIT customers, including software solutions engagements that require a Part 11 audit, program development, and implementation. Whereas, KPIT will complement Kinetiq's management consulting services with value-added custom software development, systems integration, application and infrastructure support outsourcing, testing-as-a service (TaaS), and project management.

KPIT is a global technology company focused on automotive engineering and mobility solutions. Leveraging the company’s two decades of experience in automotive engineering, KPIT is building engineering solutions and products to create safe, smart, and sustainable mobility in India and other developing countries.