01-Jul-2026 10:31:26
KPIT Technologies Crashes 15% After FY27 Warning, Block Deal and Downgrade
Shares of KPIT Technologies plunged 15%, hitting lower circuits after the company warned of weaker-than-expected FY27 performance. KPIT expects Q1 FY27 dollar revenue to decline around 1% YoY, while Q2 revenue is likely to remain at similar levels. Investor sentiment worsened after 62.61 lakh shares (2.24% equity) changed hands in a block deal and JPMorgan downgraded the stock to 'Underweight', cutting its target price to ₹550 from ₹700.