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KPIT Cummins okays 1:1 bonus; stock rises 7%
KPIT Cummins Infosystems has declared its third quarter results. The company’s Q3 consolidated net profit was up at Rs 41.07 cr versus Rs 36.47 crore, YoY. Its consolidated net sales were up at Rs 379 crore versus Rs 325 crore, YoY.
KPIT Cummins Infosystems has declared its third quarter results. The company's Q3 consolidated net profit was up at Rs 41.07 cr versus Rs 36.47 crore, YoY. Its consolidated net sales were up at Rs 379 crore versus Rs 325 crore, YoY.
The company okayed 1-for-1 bonus share issue.
The stock touched an intraday high of Rs 159 and an intraday low of Rs 149.10. At 09:29 hrs the share was quoting at Rs 154.95, up Rs 10.65, or 7.38%.
It was trading with volumes of 118,506 shares, compared to its 5-day average of 51,802 shares, an increase of 128.77%.
In the previous trading session, the share closed up 0.63% or Rs 0.90 at Rs 144.30.
