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Analysts noted that the company’s consolidated net debt had risen to Rs 3,570 crore as of September 30 from Rs 1,920 crore as of March 2020, owing to Covid waves in FY21 and FY22, impacting cash flows. But following a Rs 1,982 crore rights issue in December and a subsequent fundraise of Rs 2,000 crore in March through a QIP, IHCL has become a marginally net cash company at the quarter end.

A total of 3,529 shares changed hands on the counter till 10:05AM (IST).

KPIT Technologies Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 16079.91 Crore) operating in IT Software sector.

On a standalone basis, the company’s quarterly net profit stood at Rs 147 crore in March 2022, down 8.41 per cent from Rs 160.50 crore in March 2021. Net sales clocked in at Rs 758.70 crore in March 2022, up 15.29 per cent from Rs 658.10 crore in March 2021, reports said.

The dollar was nearing heights not seen in two decades on Thursday as the energy crisis in Europe hamstrung the euro, while the yen was undercut by expectations the Bank of Japan would stick to its super-easy policies.

The stock was hovering above Rs 3,000 levels back in October 2007, but the trend went sideways. It hit a low of around Rs 160 in March 2020 before bouncing back.

The global cryptocurrency market cap was trading higher at the $1.81 trillion mark, with a rise close to 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 13 per cent to $83.49 billion.

A formal announcement of the order is expected in the next two or three days, the people cited earlier said, adding that Sansera is expected to set up a plant with an investment of $25-35 million to facilitate this.

Bajaj Finserv, Axis Bank, Vedanta, SBI Life Insurance, Ambuja Cements, Bajaj Holdings, Mphasis, Biocon, Varun Beverages, Laurus Labs and Indiamart Intermesh are some of the companies that are scheduled to announce their March quarter results today.

"Investors should also bear in mind that even at home, the interest rate normalization by the RBI is just about starting, and Indian equities also could witness some bouts of volatility as domestic interest rates rise, while companies could also see some margin compression in the prevailing scenario of high oil prices and commodity prices."