{"id":115474,"date":"2023-12-13T13:45:45","date_gmt":"2023-12-13T08:15:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115474"},"modified":"2023-12-13T13:45:50","modified_gmt":"2023-12-13T08:15:50","slug":"why-is-kpit-technologies-stock-up-by-5-heres-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/why-is-kpit-technologies-stock-up-by-5-heres-everything-you-need-to-know\/","title":{"rendered":"Why is KPIT Technologies stock up by 5%?\u00a0Here&#8217;s everything you need to know"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4010741569\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this IT company gained up to 5 percent after the company introduced sodium-ion battery technology for Electric Vehicles.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2833885628\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KPITTECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">KPIT<\/a><\/strong> is a multinational technology company that offers software solutions that will accelerate the transition of mobility into a clean, smart, autonomous, and connected future.\u00a0<\/p><p>With a market capitalization of Rs 40,279.95 Crores. KPIT Technology Ltd, On Wednesday, at 12:33 pm, the shares were trading at Rs 1,468.00 a share, an increase of 2.55 percent from the previous closing price of Rs 1,432.75 apiece.&nbsp;<\/p><p><strong>Here is the reason Why KPIT Technologies Ltd jumped 5% today.&nbsp;<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-3598468205\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u25cf On Tuesday, KPIT Technologies presented its sodium-ion battery technology for EV vehicles, Sodium-ion batteries offer quick charging, stability in the face of temperature fluctuations, and protection from overheating or thermal runaway.&nbsp;<\/p><p>\u25cf KPIT Technologies Ltd&#8217;s revenues will come from the testing phase as well, but the core licensing fees that will accrue from the technology will start in a year.&nbsp;<\/p><p>\u25cf The implementation of sodium-ion batteries enables the electric vehicle to charge in less than half an hour for short trips, thus making it more cost-effective and also more remunerative for the driver as more trips can be undertaken on the same vehicle in a day.&nbsp;<\/p><p>\u25cf The company is in discussions with both current auto industry clients and those interested in other energy storage applications. The sodium-ion battery will be up to thirty percent less expensive than the current batteries.&nbsp;<\/p><p>\u25cf Only four companies worldwide have a proven technology solution for sodium-ion battery storage, including KPIT, which is the first in India to release the technology.&nbsp;<\/p><p>\u25cf The technology, which has been developed internally by collaborating with different company researchers over the last eight years, will undergo external testing and generate revenue after a year.<\/p><div class=\"trade-content-10\" id=\"trade-3135791694\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking into the company&#8217;s performance revenue increased by 60 percent from Rs 74 Crore in Q2FY23 to Rs 1,119 Crore in Q2FY24. During the same period, net profit increased by 67.8 percent from Rs 84 crore to Rs 141 crore.&nbsp;<\/p><p>KPIT Technology saw growth that was higher than the industry average, with a total operating revenue of Rs 33,650 million, indicating a steady currency growth rate of 37%.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2526049053\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this IT company gained up to 5 percent after the company introduced sodium-ion battery technology for Electric Vehicles.&nbsp; KPIT is a multinational technology company that offers software solutions that will accelerate the transition of mobility into a clean, smart, autonomous, and connected future.\u00a0 With a market capitalization of Rs 40,279.95 Crores. KPIT [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":38693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8860,8859,15140,948,936,15141],"class_list":["post-115474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-kpit-latest-news","tag-kpit-share-price","tag-kpit-sodium-ion-battery","tag-stock-market","tag-stock-market-news","tag-why-is-kpit-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why is KPIT Technologies stock up by 5%?\u00a0Here&#039;s everything you need to know - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this IT company gained up to 5 percent after the company introduced sodium-ion battery technology for Electric Vehicles.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/why-is-kpit-technologies-stock-up-by-5-heres-everything-you-need-to-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why is KPIT Technologies stock up by 5%?\u00a0Here&#039;s everything you need to know\" \/>\n<meta property=\"og:description\" content=\"The shares of this IT company gained up to 5 percent after the company introduced sodium-ion battery technology for Electric Vehicles.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/why-is-kpit-technologies-stock-up-by-5-heres-everything-you-need-to-know\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-13T08:15:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-13T08:15:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/KPIT-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/why-is-kpit-technologies-stock-up-by-5-heres-everything-you-need-to-know\/\",\"url\":\"https:\/\/tradebrains.in\/features\/why-is-kpit-technologies-stock-up-by-5-heres-everything-you-need-to-know\/\",\"name\":\"Why is KPIT Technologies stock up by 5%?\u00a0Here's everything you need to know - 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