The share price of KPIT Technologies was trading 6 percent higher on Friday after the company’s MD & CEO said that the partnership with Honda is the largest for SDM (Software defined mobility).
KPIT Tech's revenue from operations increased 26.06 percent to Rs 744.83 crore as against Rs 590.87 crore in the same quarter last fiscal
As part of the strategic collaboration, KPIT has been nominated as the single source software integration partner for the next generation 11KW combined charging electronics program powering the upcoming BEV’s of BMW Group.
The top gainers from NSE included Dr Reddy's Labs, NTPC, Tech Mahindra, Vedanta and ONGC while the top losers included YES Bank, Coal India, Bajaj Auto, UltraTech Cement and Titan Company.