KPIT Technologies Shares Tumble 9% After Q2 Results and QIP Announcement
KPIT Technologies, a major player in the automotive and mobility software sector, witnessed its shares plunge by 9% on Monday after releasing its Q2 FY24 results and announcing a Qualified Institutional Placement (QIP) issue. The market reacted negatively to the mixed earnings report and concerns over potential equity dilution due to the QIP. Q2 Results … Read more