Leading F&O stocks, including KPIT Technologies and Blue Star, recently experienced a significant surge in futures open interest, signaling heightened trader activity and fresh position accumulation in the derivatives segment.
KPIT Technologies reported a notable 33% year-on-year drop in its Q4 net profit, reaching ₹163 crore, despite healthy revenue growth. The decline was primarily attributed to a significant increase in operating expenses and prevailing global market uncertainties.
KPIT Technologies [KPITTECH] reported its Q4 FY24 results, showcasing a 12% year-on-year revenue increase while consolidated net profit fell by 33%. The company also declared a final dividend of ₹5.25 per share.