While there is no denying the fact that KPIT has been a star in the entire ER&D category since last many quarters, we should not forget the fact that its due to their business model only concentrated on the automotive sector which is having huge tailwinds and expected to continue for some more time. Rest of the players like LTTS, Tata Elxsi are diversified and not focused on only one segment. Automotive segment of all ER&D players is growing at a healthy pace QoQ but their other segments impact the overall growth which is not the case with KPIT.
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