KPIT Technologies shares dropped to a fresh 52-week low on Wednesday after the company warned of weaker-than-expected Q1 FY27 revenue and margin performance due to a sudden slowdown in orders from European automakers. Technical analysts caution that the stock remains under pressure, with key support seen around the Rs 550 level.
KPIT Technologies shares dropped to a fresh 52-week low on Wednesday after the company warned of weaker-than-expected Q1 FY27 revenue and margin performance due to a sudden slowdown in orders from European automakers. Technical analysts caution that the stock remains under pressure, with key support seen around the Rs 550 level.
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Shares of KPIT Technologies tumbled 17% to hit a fresh 52-week low on Wednesday, as a weaker-than-expected Q1 business update put the stock on track to record its worst single-day plunge since the infamous COVID-19 crash of March 2020.The shares of the company dropped around 17% to a low of Rs 559.20 apiece on Wednesday morning. The sharp drop wiped off more than Rs 3,080 crore from the company’s market capitalisation, pulling it down to Rs 15,330 crore.Why KPIT Tech shares are falling today?KP…
