Multibagger Stock: This global tech company has given an astounding return of 323% in one year!

Multibagger Stock: This global tech company has given an astounding return of 323% in one year!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 08:34 am 47.2k Views
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KPIT Technologies has given compounding returns in the last two years, outperforming the benchmark S&P BSE Information Technology.

KPIT Technologies has given multibagger returns of 96.68% in six months, while on yearly basis it has given investors a handsome return of 323% in one year. The global tech company has rallied 15% in the last one week against the backdrop of the lukewarm performance of S&P BSE Information Technology at a loss of 0.2%. The weekly 15% rally was from the levels of Rs 348.40 to Rs 399.65 for KPIT Technologies.

The multibagger has given compounding returns in the last two years, outperforming the benchmark S&P BSE Information Technology.

  1. In three months, the stock has risen 31.83%, the benchmark rose 7.5%.

  1. In six months, the stock has risen 96.68%, when the benchmark rose 26.4%.

  1. In a year, the stock has risen 322.91%, while the benchmark rose 58.8% and;

  1. In 2 years, the stock has risen 344.06%, whereas the benchmark rose 127.1%.

One year ago, an investment of Rs 1 lakh would have fetched you around Rs 3.23 lakh, while an investment of Rs 10 lakh would have compounded into Rs 32.3 lakh in just one year.

KPIT Technologies is a global technology company with software solutions that helps mobility leapfrog towards an autonomous, clean, smart and connected future. With many Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers to accelerate the implementation of next-generation mobility technologies. Germany has been the growth engine of the company. The company has been investing heavily in Germany for the last three years. Asia, led by Japan is another solid growth area for the company. The company earns a majority of its revenues from passenger vehicles,(75%), followed by commercial vehicles (23%) and others (2%).

The stock is currently trading at a TTM PE of 64 with a Market Cap of Rs 109561 crore. In the last trading session, the stock touched its 52-week high of Rs 410.45 which is also its all-time high. It has delivered a strong second quarter where the consolidated sales grew 21.7% and net profit by 140% on a YoY basis.

KPIT Technologies is currently trading at Rs 407 at 11.07 am with a gain of 1.73% on the bourses.

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