BMW & Volkswagen link drags KPIT Tech shares
Synopsis KPIT Technologies witnessed a significant 17% stock plunge following a revenue slowdown warning for Q1FY27, primarily due to unexpected cutbacks from European auto giants
Synopsis KPIT Technologies witnessed a significant 17% stock plunge following a revenue slowdown warning for Q1FY27, primarily due to unexpected cutbacks from European auto giants like BMW and Volkswagen. Analysts have downgraded the stock, citing a steeper than anticipated revenue drop and a larger hit to profit margins. While the company acknowledges a short-term setback, it anticipates a recovery by Q4FY27, driven by product momentum and new client wins.
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