Firstcall Research is bullish on KPIT Cummins and has recommended buy rating on the stock with a target of Rs 123 in its June 20, 2012 research report.
KPIT Cummins Infosystems Ltd has reported net profit of Rs 437.14 million for the quarter ended on March 31, 2012 as against Rs. 263.32 million in the same quarter last year, an increase of 66.01%. It has reported net sales of Rs 4800.09 million for the quarter ended on March 31, 2012 as against Rs 3081.98 million in the same quarter last year, a rise of 55.75%. Total income grew by 50.83% to Rs 4697.46 million from Rs.3114.47 million in the same quarter last year. During the quarter, it reported earnings of Rs 2.46 a share.
KPIT Cummins Infosystems Ltd is a leading technology solutions partner for global Manufacturing corporations with special focus on automotive, energy & utilities, industrial corporations with special focus on Automotive, Energy & Utilities, Industrial Equipments, and Semiconductor industries. The