Shares of KPIT Technologies tumbled 17% to hit a fresh 52-week low on Wednesday, as a weaker-than-expected Q1 business update put the stock on track to record its worst single-day plunge since the infamous COVID-19 crash of March 2020.
The shares of the company dropped around 17% to a low of Rs 559.20 apiece on Wednesday morning. The sharp drop wiped off more than Rs 3,080 crore from the company’s market capitalisation, pulling it down to Rs 15,330 crore.
