Can KPIT Tech be a small-cap multi-bagger stock? Recently, the Head of KPIT Technologies, Mr. Kishor Patil has issued some statements regarding the opportunities and challenges lying ahead for the company. Let's understand more and decode these statements by the Company Head of KPIT Tech as we go ahead with the article.
Mr. Kishor Patil, head of KPIT Tech. has issued some statements and an article was also published in Economic Times which will be going to discuss further. We will discuss the challenges, risks, and opportunities available for KPIT Tech.
The statement says that "KPIT Tech. understands software better than the Auto Companies and Auto Industries better than other software companies”. The company has laid complete focus on the Auto industries. In 2018, the company had a merger with Birlasolft which will be looking at the IT industry and KPIT will focus on Auto Industry.
Comparison with other IT companies:
The statement from the head of the company is very positive and the market has also appreciated the words. Even being a small company it has huge potential to compete with the big players in this niche segment. The dealing with the Top-12 Clients of the World shows great earning visibility of the company. R&D Spending of the company and its total focus towards the auto sector is an important thing to look out for in this company.