New Delhi, July 3 -- Shares of KPIT Technologies witnessed one of their worst sell-offs this week after investor sentiment was dented by the company's weak June-quarter business outlook, making it one of the biggest losers even as the broader market closed higher.

The stock plunged 25% to Rs.558.65 apiece, its lowest level since September 2022, wiping out nearly Rs.5,061 crore from the company's market capitalisation. A comparable weekly decline was last seen in mid-October 2024, when the stock had tumbled 23%.

On Tuesday, KPIT Technologies said in an exchange filing that it expects its reported USD revenue for Q1 FY27 to decline by around 1% year-on-year compared with Q1 FY26. In a separate filing on Wednesday, the company said revenue...