KPIT Tech stock crashes 15%, hits lower circuits after FY27 warning, block deal adds to pressure

KPIT Technologies shares fell over 15 percent, after hitting a series of lower circuits, as the company issued a profit warning for the June quarter and said second-quarter revenue is likely to remain at similar levels. The weak outlook prompted JPMorgan to downgrade the stock rating.

KPIT shares fall over 15 percent after profit warning

JPMorgan downgrades KPIT, cuts target price to Rs 550

Weak business outlook may persist into September quarter

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