The IT sector witnessed some notable declines in key players during early trading hours today, with Tata Elxsi and KPIT Technologies leading the losses.
Top IT Losers:
| Stock | Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| Tata Elxsi | 6,007.05 | -432.90 | -6.72% |
| KPIT Tech | 1,373.40 | -56.75 | -3.97% |
Highlights:
- Tata Elxsi experienced a significant drop of 6.72%, attributed to weaker-than-expected Q3 results and ongoing challenges in its European transportation segment.
- KPIT Technologies fell by 3.97%, with concerns around high valuations and potential earnings pressures weighing on the stock.
Despite the losses, the IT sector remains mixed, with growth-oriented stocks balancing the declines. However, challenges such as slower discretionary spending and valuation concerns could keep certain stocks under pressure in the near term
Disclaimer: This information is for informational purposes only and does not constitute financial advice.
