JPMorgan has maintained its overweight rating on KPIT Tech but has cut the share price target to ₹1,900, indicating a 15.9% upside from the current market price (CMP). The company has reduced its FY25 constant currency revenue growth to the lower end of its 18-22% guidance range, driven by delays in deal ramp-ups and closures.
The shift toward offshoring deals to provide cost efficiencies for clients also contributed to the guidance cut. JPMorgan believes this will result in a softer second half of the year, with a potential weak exit rate impacting FY26 growth. The brokerage expects the stock to react negatively to these developments.
Currently, KPIT Tech’s stock is trading at ₹1,639.85.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
