Economic TimesLean R·
KPIT outlook disappoints, analysts push growth recovery to FY28
KPIT Technologies shares tumbled nearly 17% after issuing a weaker-than-expected outlook for FY27. European automakers, facing profitability pressures from Chinese competition, are delaying project approvals and capital allocation, leading to a slower growth forecast. Analysts have revised earnings expectations downwards, anticipating a gradual recovery and subdued performance across the ER&D sector.
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