VERIFIEDET Markets·2 Jul 2026negative

KPIT outlook disappoints, analysts push growth recovery to FY28

AI Summary

·KPIT Technologies shares fell by approximately 17% following a disappointing FY27 outlook.
·European automakers are delaying project approvals due to profitability pressures from Chinese competition.
·Analysts have lowered earnings expectations, forecasting a slow recovery for the ER&D sector.