Category: Stock Market

The stock rallied as the company announced a strategic restructuring to consolidate business operations and drive future growth. | Image: iStock

KPIT Technologies share price tanked over 5 per cent today (June 24, 2025) after the company came out with a mid-quarter business update and sent jitters among investors and traders on Dalal Street. Updates From KPIT Technologies: Delayed Deal Closures The company said that while it has closed multiple significant deals – particularly from Asia and the U.S. – many are taking longer to complete, causing short-term revenue pressure and stock market volatility. Slackening of demand in the Auto-Tech segment KPIT indicated significant deceleration in demand for the automotive technology business vertical, which is KPIT’s primary business vertical. FX Losses & World Tariff Fears Increasing anxieties around forex losses, tariff uncertainty and geopolitical concerns are likely to weigh down on margins and estimates. Stock Rating Downgrades India s top brokerage broking firms and analysts have downgraded KPIT Technologies, revised targets indicating a crash to ₹1,000, all on concerns over the valuation and earnings growth of the company. KPIT Share Price Today – June 24, 2025   Market Sentiment “Investors are concerned that KPIT’s strong growth momentum could take a pause or slow down in the near term,” said a market expert.