KPIT Tech Stock Plummets 6% Amid Uncertain Outlook

  Published 1 year ago

KPIT Technologies shares fall 6% to 1,310.5 rupees, marking its biggest drop since April 7 amid uncertain business conditions and slower order growth.

  • Stock leads Nifty 200 losers as geopolitical tensions and unclear tariffs weigh on the automotive tech firm.
  • Kotak cuts FY26 revenue growth forecast to 7% from 9%, maintaining 'sell' rating with 1,000 rupees price target.
  • Trading volume surges to 2.4x six-month average; stock down 10.5% year to date.

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