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VERIFIEDET Markets·negative
KPIT Tech shares sink 17%, see worst plunge since 2020 Covid crash. Time to buy or more pain ahead?
AI Summary
- ·KPIT Technologies shares fell 17%, marking their worst decline since the 2020 Covid crash.
- ·The company anticipates weaker-than-expected Q1 FY27 revenue and margin performance.
- ·A sudden slowdown in orders from European automakers is cited as the reason for the weaker outlook.