Latest news with #Beriwal
Time of India
24-06-2025
- Business
- Time of India
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] 2025 Best Luxury Hotel Prices Expertinspector Learn More Undo 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. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
20-05-2025
- Business
- India Today
Pfizer share price rises 12% today. Here's why
Shares of Pfizer Ltd rose sharply by nearly 12% on Tuesday after the company reported strong earnings for the quarter ending March stock jumped 11.91% during the day to touch a high of Rs 4,995.85 on the stock exchanges, after starting the day at Rs 4,698.80. The rally was mainly driven by a big rise in the company's net profit. Pfizer posted a net profit of Rs 330.94 crore in the January-March 2025 quarter, up 85% compared to Rs 178.86 crore in the same period last year. This sharp increase in profit came as a surprise for many market watchers and led to renewed interest in the company's total sales during the quarter also showed growth. Revenue rose 8% year-on-year to Rs 591.91 crore, as against Rs 546.63 crore in the quarter ended March the strong financial results, Pfizer also declared a large dividend for its shareholders. The company announced a total dividend of Rs 165 per share for the financial year 2024–25. This includes:A final dividend of Rs 35 per shareA special dividend of Rs 100 per share to mark 75 years of Pfizer's presence in IndiaAn additional special dividend of Rs 30 per share due to gains from transferring leasehold land and buildingsThis brings the total dividend to Rs 165 per share for a statement issued on May 19, 2025, Pfizer said, "The Board of Directors, at their meeting held on May 19, 2025, have recommended a final dividend of Rs 35 per equity share of Rs 10 each (350%), a special dividend of Rs 100 (1000%) to celebrate 75 years of Pfizer in India, and another Rs 30 (300%) as a result of the gain from leasehold asset transfer."From a technical point of view, the stock is currently trading above its 5-day, 10-day and 30-day simple moving averages. However, it remains below its 20-day, 50-day, 100-day, 150-day and 200-day averages. This means the stock has seen a short-term bounce but is yet to show long-term 14-day Relative Strength Index (RSI) of the stock stands at 83.93, which is well above the 70 mark. This level indicates that the stock is in the overbought zone, and some traders may consider booking profits in the short Beriwal, Manager – Derivatives Analyst (Equity Research) at Motilal Oswal Financial Services, told Business Today, 'The next leg of rally can be seen towards Rs 5,200, which would be a major hurdle zone and those who have bought the stock at lower levels can consider exiting. Immediate support will be at Rs 4,800.'Pfizer's stock is currently valued with a price-to-earnings (P/E) ratio of 36.86 and a price-to-book (P/B) ratio of 6.05. The earnings per share (EPS) stands at Rs 134.55 and the return on equity (RoE) is 16.41%. advertisement
