{"id":99059,"date":"2023-04-04T19:00:00","date_gmt":"2023-04-04T13:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=99059"},"modified":"2023-04-04T18:21:49","modified_gmt":"2023-04-04T12:51:49","slug":"mid-cap-it-stock-falls-after-jp-morgan-expects-the-stock-to-fall-by-more-than-35","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mid-cap-it-stock-falls-after-jp-morgan-expects-the-stock-to-fall-by-more-than-35\/","title":{"rendered":"Mid cap IT stock falls after JP Morgan expects the stock to fall by more than 35%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1969178391\"><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>KPIT Technologies Limited shares traded in the red with a downfall of more than 10 percent yesterday and closed at a price of Rs 814.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3321068920\"><!-- 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>Such a fall in the stock prices is observed after the global brokerage firm JP Morgan<\/strong><strong> <\/strong><strong>initiated coverage on the stock with an \u2018underweight\u2019 rating and gave a target price of<\/strong><strong> <\/strong><strong>Rs 520 indicating a downside of approximately 36 percent as compared to the current<\/strong><strong> <\/strong><strong>price levels.<\/strong><strong>&nbsp;<\/strong><\/p><p>According to media reports, the target price for the stock is driven by lower structural margins, high client concentration, and excessive valuations.&nbsp;<\/p><p>In addition to the above, Tata Technologies IPO could disrupt the market share of KPIT thereby affecting the scarcity premiums currently enjoyed by the company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3616853054\"><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><a href=\"https:\/\/portal.tradebrains.in\/stock\/KPITTECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>KPIT Technologies Limited<\/strong><\/a>, headquartered in Pune, is an Indian multinational corporation engaged in the business of providing embedded software and product engineering services to automotive companies. Popularly known as KPIT, the company has development centers in Europe, USA, Japan, and China, apart from India. It has filed 58 patents as well as published some research papers.\u00a0<\/p><p>The company, in recent quarters, has reported decent growth in numbers pertaining to revenues and net profits. Revenues increased from Rs 745 crores in Q2 to Rs 917 crores in Q3. Net profits of the company grew from Rs 82 crores in Q2 to Rs 104 crores in Q3.&nbsp;<\/p><p>The profitability ratios of the company, in congruence with the pattern represented in the above parameters, have gone up on a YoY basis. ROE figures moved from 13.15 percent in FY20-21 to 22.24 percent in FY21-22. ROCE numbers too saw positive growth from 16.82 percent in FY20-21 to 28.84 percent in FY21-22.&nbsp;<\/p><p>Apart from the above metrics, the net profit margins of the company improved from 7.23 percent in FY20-21 to 11.35 percent in FY21-22.&nbsp;<\/p><p>According to the quarter ending December 2022, promoters hold a 40.1 percent stake in the company. FIIs, showing faith in the company, have increased their stakes by a considerable amount from 16.88 percent in Q2 to 20.26 percent in Q3.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/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-content-10\" id=\"trade-28760626\"><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><div class=\"trade-after-content\" id=\"trade-2656590589\"><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>KPIT Technologies Limited shares traded in the red with a downfall of more than 10 percent yesterday and closed at a price of Rs 814.&nbsp; Such a fall in the stock prices is observed after the global brokerage firm JP Morgan initiated coverage on the stock with an \u2018underweight\u2019 rating and gave a target price [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"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":[5472,3387,4447,4319,5426,5453,8141,2906,8137,8138,8140,7659,7658,948,936,3153,3157,2597],"class_list":["post-99059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-it-stock-news","tag-it-stock-to-buy","tag-it-stock-to-watch","tag-it-stocks","tag-it-stocks-2023","tag-jp-morgan","tag-jp-morgan-targets","tag-kpit-technologies","tag-kpit-technologies-business","tag-kpit-technologies-future","tag-kpit-technologies-gets-a-sell-call","tag-kpit-technologies-ltd-latest-news","tag-kpit-technologies-ltd-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"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>Mid cap IT stock falls after JP Morgan expects the stock to fall by more than 35% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company headquartered in Pune, is an Indian multinational corporation engaged in the business of providing embedded software and product engineering services to automotive companies. 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