India's KPIT Technologies falls after flagging uncertain demand, slow project ramp-ups

KPIT Technologies

24/06/2025 07:40

** India's KPIT Technologies KPIE.NS slides nearly 6% to 1,310.5 rupees, set for biggest daily pct drop since April 7

** Stock biggest pct loser among Nifty 200 .NIFTY200 companies

** Automotive tech firm says business environment remains uncertain with rising geopolitical tensions and ambiguous tariff scenario

** Ramp-up of orders progressing at an even slower pace than anticipated at the end of last quarter - KPIE

** Kotak Institutional Equities trims company's organic FY26 revenue growth projection to 7% from 9%

** Maintains "sell" rating, with PT of 1,000

** More than 3.1 million shares traded, ~2.4x six-month daily average volume

** YTD, KPIE down ~10.5%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))