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KPIT Tech shares hit 10% lower circuit as company expects Q1 revenue decline, sharp hit to margins
KPIT Technologies shares plunged 10% after the company warned of a revenue drop in Q1 FY27, citing unexpected actions from European automakers. While short-term performance is expected to be weak, KPIT remains optimistic about long-term growth driven by outsourcing and automation. The company anticipates a strong rebound in the second half of FY27, building a solid foundation for future expansion.
HCL Tech Share Price Live Updates: HCL Tech Experiences Weekly Decline
Tech Mahindra Share Price Live Updates: Tech Mahindra's Weekly Returns Reflect a -0.77% Change
Stocks to watch, July 1: RIL, Nestle India, Paras Defence, KPIT Tech, HUL, Kotak Bank, Unimech Aerospace - Upstox
Stocks to watch, July 1: RIL, Nestle India, Paras Defence, KPIT Tech, HUL, Kotak Bank, Unimech AerospaceUpstox
Asian stocks today: Nikkei 225, Kospi rise more than 1% on US tech rally, optimism over US-Iran talks
Asian stocks today: Japan's Nikkei 225 climbed 1.79%, while the broader Topix index gained 1.07%. South Korea's Kospi advanced 1.52%, although the small-cap Kosdaq slipped 0.42%.
Asian shares gain post US tech rally, yen steady
Stocks in South Korea and Japan advanced as the Kospi, taking the MSCI Asia Pacific index up 0.3%.
Tourism ministry, Google ink MoU to boost promotion of India's destinations via digital tech
India's tourism sector is set to receive a significant digital boost as the Ministry of Tourism partners with Google. This collaboration will harness AI, data insights, and digital technologies to enhance the promotion of India's destinations, cultural heritage, and experiences for both domestic and international travelers. The initiative aims to create immersive virtual journeys and strengthen the country's global tourism presence through innovative outreach strategies and capacity building.
AI-fuelled chip stock rally hits speed bump despite record quarterly gains
Micron, Intel, AMD, and Sandisk have faced pressure amid concerns about the sustainability of AI-driven stock performance, leading to a global tech sell-off in June. Despite recent declines, semiconductor stocks are still set for record quarterly performances due to strong AI demand.
Stocks to Watch for July 1: Auto stocks, Kotak Mahindra Bank, Prestige Estates, KPIT Tech and more
From KPIT Tech expecting its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations to Kotak Mahindra Bank Ltd signing a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, here are stocks to track ahead of Wednesday trading session.
KPIT Tech warns of a weak Q1 but the Street may have had an inkling
KPIT Technologies shares slumped more than 6% to emerge as the Nifty 500's second-worst performer on Tuesday, ahead of the company's outlook update flagging a weaker-than-expected Q1 FY27.
UK may intervene in $110 billion Paramount-Warner Bros Discovery deal
Britain is considering intervening in Paramount's proposed $110 billion takeover of Warner Bros Discovery, potentially delaying the deal despite approvals from the US and China. The UK's culture minister has set a July 6 deadline for responses, citing potential impacts on news and on-demand services. This move could trigger reviews by anti-trust regulators, mirroring past actions against major tech acquisitions.
US stock market today: S&P 500, Nasdaq edge higher as tech rally extends; Wall Street eyes strong H1 finish
US stock futures rose as technology and chip stocks continued to rebound, helping Wall Street secure a strong first half of the year. The S&P 500 and Nasdaq 100 saw notable gains, driven by optimism in AI investments, despite geopolitical and inflation concerns.