This midcap IT stock upgraded to 'overweight'; offers potential upside of 20%

2 hours ago 1

KPIT Technologies shares gained 1 per cent (October 3) arsenic the midcap IT banal has been upgraded to overweight from the earlier neutral telephone by JP Morgan. The brokerage has raised the people to Rs 2,000 from the earlier Rs 1,700 per share.

At the past count, shares of the IT large gained 0.7 per cent to Rs 1,683 per stock connected the BSE.

The caller people implies 20 per cent imaginable gains. The banal has been underperforming implicit the past month and 4th (down 8 per cent and 3 per cent) amid antagonistic quality travel concerning electrical vehicles (EVs) arsenic planetary OEMs propulsion retired EV targets.

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