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Tata Elxsi tumbles as KPIT Technologies' weak outlook weighs on auto engineering peers
Tata Elxsi fell 6.27% to Rs 3,589.40 as investors sold shares of automotive engineering and software companies following KPIT Technologies' weak near-term business outlook.
Explained: Why Tata Elxsi shares crashed 7% after KPI Tech’s Q1 revenue, profit guidance warning
Tata Elxsi shares fell sharply on Wednesday after rival KPIT Technologies warned of weaker-than-expected Q1FY27 revenue and margins due to a sudden slowdown in orders from European automakers. The update raised concerns over demand across the automotive engineering and software services space, weighing on peer stocks.
KPIT Technologies flags weak June-quarter performance; margins under pressure
KPIT Technologies projects a revenue drop in Q1FY27 due to European OEM adjustments. Still, the company is optimistic for FY27, emphasizing strong business fundamentals, ongoing growth in various technology domains, and strategies for margin improvement through AI innovations.
Deven Choksey remains bullish on select mid-tier IT stocks, sees up to 20% upside
Indian IT stocks could offer attractive opportunities after the recent correction, according to Deven Choksey, MD, DRChoksey FinServ. He believes downside risks are limited as companies adapt to AI-driven, outcome-based business models. Choksey prefers engineering and automotive technology companies such as KPIT Technologies, Tata Technologies and Tata Elxsi, citing strong order visibility and execution prospects. He sees the potential for 15-20% upside in select names. Choksey also remains optimistic about the long-term prospects of India's solar industry, although he believes much of the near-term optimism is already reflected in stock prices. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
KPIT Tech stock rating: Goldman Sachs cuts target price, sees flat FY27 revenue growth amid weak demand
Goldman Sachs cut its FY26-FY28 earnings per share estimates for KPIT Technologies by up to 15 percent, reflecting expectations of a slower recovery in spending on electric vehicle software and engineering programmes.
Stocks to Watch Today: Kotak Bank, KPIT Tech, Waterways Leisure, Advit Jewels, Genus Power, Ivalue Info, Cupid, RailTel, Rane Madras in focus on 01 July
Stocks to Watch, 01 Jul: Stocks like KPIT Technologies, Cupid, Hexagon Nutrition, Kotak Mahindra Bank, RailTel Corporation of India, Tata Communications, Rane Madras, RHI SRF, Genus Power Infrastructures, Indo Tech Transformers, Ivalue Infosolutions, and Axiscades Technologies will be in focus on July 1.
Why KPIT Tech stock crashed as BMW, Volkswagen spending cuts bite; what should investors do now?
The slowdown and spending cuts at European auto giants such as BMW and Volkswagen have highlighted a key risk for engineering and R&D firms such as KPIT Technologies: customer concentration and the cyclicality of automotive technology spending.
Trade Spotlight: How should you trade KPIT Technologies, Birlasoft, Gujarat Ambuja Exports, Indian Energy Exchange, GE Shipping, CDSL, and others on April 7?
The market is expected to remain range-bound, with focus on developments related to the US–Iran ceasefire. Below are some short-term trading ideas to consider.