New Delhi, May 1 -- Multibagger small-cap IT stock in focus: Domestic brokerage firms have trimmed their target multiples on KPIT Technologies, a leading global pure-play engineering, research, and development (ER&D) services company, following the company's March quarter performance (Q4FY25).

While the company reported numbers in line with analysts' estimates, delivering nineteen sequential quarters of growth in revenues and operating profits, management failed to provide revenue guidance for FY26, citing an uncertain demand environment and a soft first half, prompting analysts to cut their earnings estimates.

KPIT is a global technology company, specialising in product engineering solutions and services for the automobile and mobility...