KPIT
Cummins Infosystems Limited, a global IT consulting and product engineering
partner, is focused on co-innovating domain intensive technology solutions for
corporations specializing in automotive & transportation, manufacturing and
energy & utilities. A leader in technology solutions and services, KPIT
Cummins currently partners with 165+ global corporations including Original
Equipment Manufacturers (OEMs), semiconductor companies and automotive Tier 1
companies
Company
has done couple of acquisitions in last few years.
FY2012-13 Q2 Sep-12, investors update expressed little pessimism about Q3
“Next
Quarter update: As we move into Q3, our pipeline continues to be strong and we
reiterate our confidence in the annual targets that we had set for ourselves at
the beginning of the year. Having said that, we believe there will be an adverse effect on our revenues in Q3 only
due to the cyclical nature of the quarter. We anticipate at least 3-4
lesser billing days in Q3 as compared to Q2. Even though the average realized
rate for Q3 may be lower than that for Q2, if the rupee is range bound in Q3
and closes around the same range, then the forex losses will be lower in Q3 as
compared to Q2.”
Stock
has seen recently rally from Rs 75 to Rs 140 level. Today’s closing is at 122. We expect correction in price to around Rs 105-110
level in days ahead. Invest for long term.
Consolidated yearly financials (In Rs Crore)
Consolidated quarterly financials
Disclaimer: Any purchase/sale of a stock involves a high
degree of investment risk. Caution all investors that they may lose some or all
of their investment if they decide to purchase any stock listed here.
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