Kaynes Tech up 13% after Macquarie highlights damage control, 100% upside

• Kaynes Tech shares jumped 13% after Macquarie highlighted damage control steps and projected a 100% upside.
• Macquarie maintained an "outperform" rating on Kaynes Tech with a ₹7,700 price target, implying a 100% potential upside.
• Macquarie suggested Kaynes Tech needs to show strong cash flow, organic growth, book cash subsidies, and change auditors to restore investor confidence.
• Kaynes management accepted disclosure shortfalls but refuted allegations of shenanigans, stating they are implementing better internal controls.
• Key catalysts for Kaynes include OSAT/PCB manufacturing updates, PLI news, new JVs, partnerships, and M&A for international expansion.

Why It Matters: This signals potential for 100% investment gains in Kaynes Tech per Macquarie.