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KPIT Tech shares hit by downgrades, target price cuts. What JPMorgan and other brokerages said
KPIT Technologies shares plunged after the company issued a weak preliminary Q1 FY27 business update, prompting several brokerages, including JPMorgan and JM Financial, to downgrade the stock and cut target prices. While analysts remain optimistic about the company's long-term prospects, they expect near-term earnings and growth to remain under pressure.
CarTrade Tech shares rocket 6% as Nomura raises target price. Here are 3 reasons why
CarTrade Tech shares rose after Nomura reiterated its 'Buy' rating and raised its target price, citing stronger growth prospects for OLX. The brokerage expects artificial intelligence-led monetisation, new revenue streams, expanding margins and rising adoption of financing, escrow and logistics services to support long-term earnings growth.
KPIT Tech's warning causes a ₹6,000 crore dent in the market cap of its peers
Shares of Tata Technologies are now down for the fifth day running, even as they have recovered from the lows of the day on Wednesday. Tata Elxsi shares are down for the third day.
VA Tech WABAG spurts on bagging large international order for Vienna water works expansion
VA Tech WABAG rallied 3.84% to Rs 2,088 after it has secured a large international order from the City of Vienna's Municipal Department MA 31 - Wiener Wasser for the expansion of the Donauinsel Water Works in Vienna, Austria.
Why KPIT Tech shares crashed 15% today: The BMW & Volkswagen connection explained
KPIT Technologies shares fell after the company warned of an unexpected slowdown in revenue from European auto clients, likely including BMW and Volkswagen. In a Q1FY27 update, the firm said it now expects a ~1% YoY revenue decline, citing sudden cutbacks by European OEMs following weak earnings outlooks.
Rekha Jhunjhunwala-backed VA Tech Wabag rises 4% on order win; up 58% YTD
VA Tech Wabag is backed by marquee investor Rekha Jhunjhunwala. As per the March 2026 quarter shareholding pattern, Rekha Jhunjhunwala owns 50,00,000 shares (8.2 per cent stake) of VA Tech Wabag.
KPIT Tech cracks 15% on Q1 earnings warning; stock down 57% from 52-wk high
As per the Q1FY27 business outlook, KPIT Technologies indicated a further deterioration in business momentum versus start of the quarter.
TVS Motor, Dixon Tech In, Reliance, M&M Out: Which Stocks Made It Into Macquarie's New India Portfolio?
The biggest changes came in the brokerage's tactical portfolio, where it introduced Axis Bank, Hyundai Motor India and Dixon Technologies, while removing Shriram Finance, Reliance Industries and Coal India.
Rekha Jhunjhunwala portfolio stock VA Tech Wabag jumps over 6% after announcing an order win; details here
Rekha Jhunjhunwala's portfolio stock, VA Tech Wabag, jumped more than 6% in morning trade on Wednesday, 1 July, after the company announced a large order win in Austria.
Sensex Today | Stock Market Live Updates: KPIT Tech extends losses to 15%; Nifty above 23,950
Sensex Today | Stock Market Live Updates: The markets are moving with some level of caution and a positive bias. The Nifty is moving with an uptick of over 50 points, rising towards the 24,000 mark. The Nifty Bank index is largely flat, trading around the 57,500 mark. M&M, Eternal and Nestle India are thetop gainers.
VA Tech Wabag shares rise nealry 6% after winning 'large' order in Vienna
The expansion of the Donauinsel Water Works will strengthen the resilience of Vienna's drinking water system by adding a controllable groundwater-based supply pillar with the city's renowned alpine spring water supply, as per VA Tech Wabag.
KPIT Tech Shares Crash 10% As Company Warns Of First Revenue Decline In 23 Quarters
Management expects the first half of FY27 to remain challenging but reiterated that growth should improve in the second half, with stronger sequential momentum expected by the fourth quarter.