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VERIFIEDET Markets·negative
Explained: Why Tata Elxsi shares crashed 7% after KPIT Tech’s Q1 revenue, profit guidance warning
AI Summary
- ·Tata Elxsi shares declined 7% on Wednesday.
- ·Rival KPIT Technologies issued a warning about weaker-than-expected Q1FY27 revenue and margins.
- ·The warning was attributed to a slowdown in orders from European automakers, raising demand concerns in the automotive engineering and software services sector.