Branch2 Intelligence
KPIT Tech shares plunge 25% in five days to nearly four-year low after weak revenue outlook. Is the worst over?
Key takeaway
KPIT Tech shares fell 25% in 5 days after weak revenue outlook, wiping ₹5,061 crore market cap.
- Step 11st-order: KPIT Tech issues weak revenue outlook, triggering 25% stock crash and broker downgrades.
- Step 22nd-order: Reduced market cap and credit perception tighten KPIT's working capital, increasing pressure on suppliers and subcontractors.
Source: LiveMint Markets
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