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ā¢ Kotak Institutional Equities has issued a "sell" call for KPIT Technologies stock, citing a lack of fundamental catalysts for its recent 36% rally.
ā¢ The stock has gained 60% in the past six months and 116% over the year, but the brokerage believes it deserves lower valuations.
ā¢ KPIT Technologies provides embedded software and product engineering services to automotive companies, which is a high-growth vertical.