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The Latest Breaking News from Kaynes

Kaynes Tech shares fall another 5% a day after crashing 20%. What brokerages fear the most?

Kaynes Tech shares extended losses, falling another 5% after a 20% crash following weak Q4 earnings. Profit declined 22% YoY despite 26% revenue growth, which missed internal targets. Brokerages including JP Morgan, Nuvama and CLSA cut targets, citing execution concerns, margin pressure, and weak near-term visibility.

The Economic Times

Kaynes Technology shares plunge 19%. Why JPMorgan, Nuvama downgraded the EMS stock

Kaynes Technology shares plunged after the company’s Q4 results disappointed investors on multiple fronts, including a revenue guidance miss, weaker balance sheet metrics, and a sharp drop in profit. The stock fell to Rs 3,760.10 on the BSE as brokerages turned cautious following the earnings report.

The Economic Times

Stocks in news: Airtel, Tata Motors, Dr Reddy's, NTPC, Dixon Technologies

Markets faced selling pressure on Tuesday due to weak global cues and macroeconomic concerns, with the Nifty approaching support at 23,150. Several companies like Airtel, Tata Motors, and Dr Reddy's are in focus due to earnings reports and other news developments.

The Economic Times

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Kaynes breaks ground for OSAT facility near Hyderabad

The Hindu

Kaynes Technology inks MoU with Karnataka government for ₹3,750-crore investment

Kaynes Technology and the Karnataka IT&BT Department on Thursday signed an MoU for setting up a semiconductor assembly and testing facility (OSAT) in Mysuru.

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