Multibagger Stocks: Stock or Rocket! Stock of this company has zoomed over 1,200 percent in three years
In the last three years, the shares of this company have gained 13 times. During this period, the stock has gained 1248 per cent while the BSE Sensex has gained 89 per cent. Two days ago, the company had announced a partnership with Honda. In the October-December quarter, the company’s revenue grew by 47.4 per cent over the previous year. Most of the company’s revenue comes from innovative technology. Experts say that auto companies are increasing investment in new-age technology and KPIT is the leading company in this.
How far can the price reach
Companies have not yet fully recovered from the impact of Corona and have worsened the situation in the banking sector crisis. For this reason, companies are reducing spending on technology or delaying the tech budget. Despite this, no major client of KPIT has backed out from the order. The company is well positioned to leverage its software designed vehicle program through organic and inorganic routes. With this, the company’s stock can go up to Rs 923 in the short term.