Goldman Sachs maintained its 'Neutral' rating on KPIT Technologies Ltd but cut its target price to ₹637 from ₹740. According to reports from Moneycontrol, the brokerage cited weaker client activity, a slower recovery in electric vehicle research and development spending, and a muted growth outlook for FY27 as key factors behind the revision. The stock was trading at ₹562 on July 8, 2026, down 0.14 percent following the announcement, with intraday high and low ranges of ₹567.65 and ₹553.65 respectively. As per latest market data, KPIT Tech shares are quoting at ₹562, down ₹0.80, or 0.14 percent, with trading volumes of 153,308 shares compared to its five-day average of 637,022 shares, showing a decrease of 75.93 percent in trading activity.
Goldman Sachs now expects KPIT Tech to report a 5.2 percent sequential decline in revenue for the June quarter, as reported by Moneycontrol. The brokerage sees FY27 revenue growth remaining flat as headwinds in the first half of the financial year weigh on performance. The company came under intense selling pressure last week after warning that its June-quarter performance would fall short of expectations and saying September-quarter revenue is expected to remain broadly in line with the June quarter. According to latest market data, the stock has touched an intraday high of ₹567.65 and intraday low of ₹553.65, reflecting continued volatility in response to the challenging outlook.
According to Moneycontrol, KPIT Tech shares are down 51.5 percent year-to-date, compared with a 6.7 percent decline in the Nifty 50. The stock has largely stabilised after plunging about 17 percent on July 1 following the company's profit warning and weaker-than-expected business outlook. The update prompted several brokerages to cut estimates amid concerns over weaker spending by European automotive customers. As per latest market data, the stock is trading with volumes of 153,308 shares, significantly lower than its five-day average, indicating reduced investor interest in the current environment.
Goldman Sachs cut its FY26-FY28 earnings per share estimates by up to 15 percent, reflecting expectations of a slower recovery in spending on electric vehicle software and engineering programmes, as reported by Moneycontrol. While remaining cautious on the near-term outlook, the brokerage said investor focus is likely to shift to the second half of FY27, when demand conditions could improve. The brokerage's revised target of ₹637 implies more moderate upside from current share price levels, with key variables including auto OEM R&D spending trends and progress on KPIT's Cymotive acquisition. The revision comes amid broader market volatility, with the Nifty ending below 23,900 amid renewed US-Iran tensions and geopolitical uncertainties affecting global markets.
