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Ashutosh Sharma of Forrester Research India says he doesn't anticipate a positive shift in the demand environment until at least Q2FY25, given the uncertainty that has crept in across global markets
Tata Tech: “Companies like ourselves that have grown up in India understand what it takes to be successful in India particularly as it pertains to attracting and retaining the best talent. I believe we have an advantage that will be very difficult for GCCs and for foreign ESPs that want to come into India to invest to match.”
KPIT Tech share price: The stock tanked 6.07 per cent to hit a day low of Rs 1,415. At this price, the scrip has declined 12.78 per cent in two days. Despite the mentioned fall, the multibagger counter has gained 106 per cent on a year-to-date (YTD) basis.
KPIT Technologies shares have gained without any commensurate fundamental catalyst, Kotak said. The domestic brokerage said a more nuanced understanding is required to forecast evolution of its addressable market.
On Friday, the 30-share BSE Sensex pack fell 188 points or 0.28 per cent to close at 65,794, while the broader NSE Nifty index moved 33 points or 0.17 per cent down to end the session at 19,732.