KPIT stock plunges 17% as European auto slowdown triggers revenue warning
KPIT Technologies’ shares dropped 17% to a four‑year low after a profit warning that Q1‑FY27 USD revenues will fall about 1% YoY, blamed on sudden spending cuts by European OEMs. The warning hit 6 lakh retail investors, LIC and MIT, and prompted downgrades that trimmed the target price to ₹550.