Technically, the stock’s day RSI (14) is at 50.8. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 13.4, which is above its Center Line, but below the signal line.
KPIT Tech plunges 24% in 3 months as auto demand weakens
KPIT Technologies faces a substantial 24% decline in stock value, predominantly due to obstacles in the automotive sector. The company’s net profit has notably decreased,