India, July 16 -- The stock has lost nearly half its value over the past year, making it one of the worst performers among India's engineering and design services companies. It has declined from a 52-week high of Rs6,439.50 on July 16, 2025, to around Rs3,500, while remaining well below its all-time high of Rs10,700.

While part of this correction reflects a broader IT services de-rating, a closer look at the company's own numbers over the last two quarters shows that the business itself has been struggling on several fronts. Here's a data-backed breakdown of what went wrong.

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