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Strong orders to drive gains for Kaynes Tech
Business Standard
|August 02, 2025
Brokerages bullish on the stock after firm's robust Q1 showing
Shares of electronic manufacturing services (EMS) major Kaynes Technology India were in demand on the BSE on Friday after the company reported a robust earnings print for the first quarter of 2025-26 (Q1FY26). Analysts have raised their share price target for the stock and believe that there could be an upside of up to 40 per cent in the next one year.
Kaynes shares rose as much as 5 per cent on the stock exchange in intraday trade, hitting a high of ₹6,483 per share before ending the day at ₹6,370, up 3.2 per cent.
The BSE500 company reported a lower than expected surge in consolidated revenue at ₹670 crore, up 34 per cent year-on-year (Y-o-Y). The performance at the operating level, however, was strong, given the 69 per cent Y-o-Y increase in the operating profit to ₹110 crore.
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