KPIT Technologies Ltd.

KPIT Technologies is currently trading at Rs. 97.50, up by 3.00 points or 3.17% from its previous closing of Rs. 94.50 on the BSE.

The scrip opened at Rs. 102.00 and has touched a high and low of Rs. 102.00 and Rs. 97.25 respectively. So far 76699 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.60 on 05-Oct-2020 and a 52 week low of Rs. 34.45 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 102.00 and Rs. 93.20 respectively. The current market cap of the company is Rs. 2708.54 crore.

The promoters holding in the company stood at 42.35%, while Institutions and Non-Institutions held 36.15% and 21.49% respectively.

KPIT Technologies has signed a large-scale order with BMW Group for the next generation charging electronics program. MicroFuzzy, A KPIT group company, a specialist in vehicle electrification engineering along with KPIT’s electric powertrain team will be at the forefront of executing this strategic software program and represents the first step for the BMW Group in establishing strategic software development partners for automotive software.

As part of the strategic collaboration, KPIT has been nominated as the single source software integration partner for the next generation 11KW combined charging electronics program powering the upcoming BEV’s of BMW Group. MicroFuzzy and KPIT will perform the role of a strategic software partner and will be responsible for complete development, integration, validation and series software maintenance, to accelerate the technologies a future electric vehicle requires.

KPIT is a global technology company with software solutions that will help mobility leapfrog towards an autonomous, clean, smart and connected future.