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This small-cap IT stock delivered over 2500% return in 3 years

KPIT Technologies has seen a significant increase in its share price, reaching an all-time high of rupees 904 per share.

Over the past three years, the stock has gained 2531%.

The company specializes in providing product engineering solutions and services to the automobile and mobility sectors.

KPIT recently announced its partnership with Honda to realize the journey of Honda's Software-Defined Mobility program.

The company has also been selected by Renault Group as a strategic software scaling partner for the company's next-generation SDV programs.

In October, KPIT completed the acquisition of four Technica Group companies for a consideration of 640 crore.

For the December-ending quarter, the company reported its highest quarterly net profit of 104 crore.

Geojit Financial Services has maintained its "buy" rating on the stock with a target price of rupees 923 apiece.

On average, 09 analysts polled by Mint Genie have a 'hold' call on the stock.

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Multibagger Alert! This small-cap IT stock delivered over 2500% return in 3 years

Over the last three years, the stock has gained a whopping 2531%, growing from ₹34.35 apiece to ₹904 apiece. In the current year so far, the stock has delivered a stellar return of 25%, while the Nifty IT index has fallen by 1.4% during the same period.

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Multibagger Alert! This small-cap IT stock delivered over 2500% return in 3 years

Over the last three years, the stock has gained a whopping 2531%, growing from ₹34.35 apiece to ₹904 apiece. In the current year so far, the stock has delivered a stellar return of 25%, while the Nifty IT index has fallen by 1.4% during the same period.

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