Kaynes Tech plunges 30%; Macquarie predicts 100% rally on reforms

• Kaynes Technology shares have fallen 30% in 4 days and 50% from their 52-week high.
• Global brokerage Macquarie maintains an 'Outperform' rating with a target price of ₹7,700, suggesting a potential 100% upside.
• Macquarie advises Kaynes Tech to improve cash flow, organic growth, transparency in cash subsidies, and consider an auditor change.
• Potential growth triggers include OSAT/PCB manufacturing, PLI scheme progress, new joint ventures, and international acquisitions.
• Overall, 26 analysts cover the stock, with 14 recommending 'Buy', 8 'Hold', and 4 'Sell', indicating a consensus target of ~80% upside.

Why It Matters: Macquarie sees 100% upside for Kaynes Tech despite recent fall, pending company improvements.