JP Morgan has initiated coverage on the stock with an "underweight" rating and a target price at Rs 540 per share
Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts
On Wednesday, KPIT Technologies announced its partnership with Honda to realize the journey of Honda's Software-Defined Mobility (SDM)
The Nifty IT index has recovered smartly from its September lows, and if the current momentum sustains select IT stocks could witness a medium-term bullish trend.
If the Nifty small-cap index manages to leap over the 200-day moving average (DMA), this would trigger a positive sentiment in most of the small-cap stocks