KPIT Technologies came under heavy selling pressure after issuing weaker-than-expected guidance for FY27, with the stock plunging nearly 17% yesterday as investors reacted to a slower growth outlook. The company's expectation that the second quarter will mirror the first has also dampened hopes of a quick recovery, prompting analysts to reassess earnings expectations.
Commenting on the market reaction, Kunal Bajaj from Choice Institutional Equities said, "The price reaction has been pretty aggressive today. This is on the back of the guidance for Q1 FY27, and the company has also indicated that Q2 FY27 is expected to be on similar lines as Q1."
