VERIFIEDET Stocks·1 Jul 2026negative

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% to a 52-week low on Wednesday.
·The company warned of weaker-than-expected Q1 FY27 revenue and margin performance.
·A sudden slowdown in orders from European automakers was cited as the reason for the warning.