Kaynes Tech shares plummet 12% on Kotak report; ₹10,000 Cr lost, JP Morgan warns

• Kaynes Technology shares fell 12% today, losing ₹10,000 crore in market value over three days due to a 27.5% drop.
• The decline was triggered by a Kotak Institutional Equities report alleging serious irregularities in the company's related-party transaction disclosures.
• Kotak's report cited mismatches in financial data and undisclosed transactions involving Kaynes Technology, Kaynes Electronics Manufacturing, and Iskraemeco.
• Kaynes Technology clarified that the omissions were accidental errors in standalone financial statements, now corrected, and transactions were included in consolidated financials.
• JP Morgan advised investors against "bottom fishing" due to concerns about the company's balance sheet, cash flow, and revenue growth, while still holding an 'Overweight' rating.

Why It Matters: Kaynes Tech stock plunge: Financial irregularities & related-party transaction risks.