Shares of KPIT Technologies took a beating, falling over 5 per cent in Monday's trade
Monday's trade as foreign brokerage JPMorgan initiated coverage on the stock
stock with an 'underweight' rating and a 12-month target of Rs 520,
which suggested a potential 43.78 per cent
downside on the counter based on Friday's closing price.
This is against the average target price of Rs 794 based on 11 analyst estimates,
as per publicly available data with Trendlyne.
JPMorgan said the key derating catalysts for KPIT