KPIT Technologies shares fell as much as 5.3% to ₹1,319 in Mumbai trading on Tuesday after management warned of an “uncertain” operating environment and slower conversion of its project pipeline in a mid-quarter update. The automotive-engineering specialist said geopolitical tensions and shifting global tariff structures are weighing on client decision-making, particularly in the United States and Asia, although demand in Europe remains comparatively resilient. The company told exchanges it still expects to complete the 100% acquisition of Caresoft’s Global Engineering Solutions business by the end of the current quarter, pending customary closing conditions. KPIT plans to consolidate the unit’s revenue from the second quarter of fiscal 2026, estimating the purchase will lift group revenue by about 4% in FY26 versus FY25 and deepen its presence in trucks and off-highway vehicles as well as in China. Broker calls were divided following the update. JPMorgan kept an “overweight” recommendation with a ₹1,500 price target, arguing the Caresoft deal strengthens long-term growth prospects. Kotak Institutional Equities reiterated its “sell” rating and cut FY2026-28 earnings forecasts by up to 4%, assigning a ₹1,000 target price. The stock has lost roughly 10% so far this year.