Kaynes Tech Plunges 10%, Pulls Down EMS Stocks Amid Brokerage Cuts

• EMS shares, including Amber Enterprises and Dixon Tech, fell up to 9% due to weakness in Kaynes Technology.
• Kaynes Technology shares dropped over 10% after Kotak Institutional Equities flagged inconsistencies in related-party disclosures and cut its target price.
• Kaynes Tech has declined nearly 40% in the past month and 49% in 2025 so far.
• Dixon Technologies saw an 8.52% fall, while Amber Enterprises dropped 1% and PG Electroplast declined 3.14%.
• Despite the fall, Prabhudas Lilladher maintained a 'Buy' rating on Kaynes Tech with a target price of Rs 5,624.

Why It Matters: This signals potential investment risks for the electronics manufacturing services sector.