KPIT Technologies Ltd. shares were trading at ₹1,159.70 on the National Stock Exchange as of 3:16 PM on Friday, reflecting an increase of ₹6.50 or 0.56% from the previous close of ₹1,153.20. The stock registered an intraday high of ₹1,160.60 and a low of ₹1,142.00, with a traded volume of 538,000 shares amounting to ₹61.96 crore.
On October 1, the Pune-based automotive technology firm issued a clarification to the stock exchanges concerning the recent fluctuations in its stock prices. The company indicated that these price movements appeared to be market-driven and were not influenced by the management. KPIT confirmed that there had been no changes in its business strategy or medium-term outlook, consistent with what was communicated during the investor call on July 30 and at the Annual General Meeting on August 12.
Over the past three months, the stock has experienced a decline of 19.02%. According to reports, Goldman Sachs has maintained a neutral rating on KPIT’s stock while revising the target price downward by 10.56%, from ₹1,230 to ₹1,100. The brokerage attributed this adjustment to weaker near-term revenue growth and a slower-than-anticipated ramp-up from new contracts.
Goldman Sachs forecasts a quarter-on-quarter organic revenue decline of approximately 2% in constant currency. The firm has also updated its earnings per share estimates for FY26, FY27, and FY28, reducing them by 9%, 15%, and 16%, respectively, due to the slower revenue ramp-up.
Published on October 3, 2025.
