Shares of KPIT Technologies plummeted 15% on October 24 after JPMorgan cut its target price to Rs 1,900, citing a revised FY25 revenue growth outlook at the lower end of the 18-22% range due to delays in deal ramp-ups. The brokerage warns that this guidance cut could lead to a weaker H2FY25 and impact FY26 growth. As of 12:23 PM, KPIT Tech's stock was down 13.5% at Rs 1,414, marking its fifth consecutive session of decline and a drop of over 5% since the start of 2024, underperforming the Nifty 50's 12% gain.
