KPIT Technologies: This stock has surged remarkably since hitting its 52-week low in April; should you invest?
Price analysis indicates that whilst the stock trades under 5 and 200-DMA, it maintains positions above 10,20,30,50 and 100-DMA in daily charts. (AI image)
KPIT Technologies Ltd, a prominent Indian IT company, has seen a significant increase of over 30% from its lowest point in April 2025. KPIT Technologies' shares have demonstrated robust performance, breaking through after five weeks of stable trading on weekly charts, whilst approaching a technical pattern formation on daily charts.
Experts suggest that risk-tolerant traders seeking short-term gains could consider purchasing KPIT Technologies shares, with expectations of reaching Rs 1,520 within 3-4 weeks, says an ET report.
KPIT Technologies share price
trend & outlook
The company's shares reached Rs 1,928 on July 12, 2024, before losing momentum and experiencing a sharp decline. By June 20, 2025, the share price settled at Rs 1,393, representing a 27% decrease.
Following a 52-week low of Rs 1020 on April 7, 2025, which aligned with the 200-weeks Exponential Moving Average, the stock began its recovery phase.
KPIT Technologies
Since April 2025, the shares have shown a remarkable 36% increase, indicating strong buying interest. Continued positive momentum could potentially drive the price towards Rs 1,500, the ET report said.
The stock showed a breakthrough from a 5-week consolidation period in the previous week and is approaching a decisive point near Rs 1,420-1,430 levels.
Price analysis indicates that whilst the stock trades under 5 and 200-DMA, it maintains positions above 10,20,30,50 and 100-DMA in daily charts.
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The daily RSI stands at 59.8, with readings under 30 indicating oversold conditions and above 70 suggesting overbought conditions, as per Trendlyne data.
The daily MACD remains positioned above its centre and signal Line, indicating positive momentum.
"KPIT Technologies stock price has seen good base formation on monthly scale while on weekly scale the stock gave a range breakout after five weeks," Arpit Beriwal Analyst - Derivatives, Wealth Management, Motilal Oswal Financial Services Ltd, was quoted as saying.
"On daily scale the stock is on the verge of Cup and Handle pattern breakout which is a bullish price pattern and holding well above its 20 DEMA," he added.
"Good buying interest is visible across Midcap IT stocks and holding well in spite of market weakness," highlighted Beriwal.
"Thus, we are recommending to buy the stock with keeping stop loss below 1370 levels on a closing basis for a target towards 1520 zones," he recommends.
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