Kaynes Tech Stock Plunges Over 7% Post-Announcement: Expert Strategies Revealed

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Kaynes Tech Shares Plunge Over 7% After Revenue Guidance Cut; Experts Maintain 'Buy'

Kaynes Technology के सीएफओ जयराम संपत ने कहा कि पूरे वित्त वर्ष 2026 के लिए रेवेन्यू के अनुमान को ₹4400 करोड़ से घटाकर ₹4100 कर दिया गया है।

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Moneycontrol•06-02-2026, 10:53

Kaynes Tech Shares Plunge Over 7% After Revenue Guidance Cut; Experts Maintain 'Buy'

•Kaynes Technology shares plummeted over 7% after the company cut its revenue estimate for fiscal year 2026 from ₹4400 crore to ₹4100 crore.
•CFO Jairam Sampath confirmed the revised revenue guidance, citing weaker-than-expected performance in the December 2025 quarter, though operating margin guidance remains at 16%.
•The company's revenue for the December 2025 quarter was ₹804 crore, significantly below the management's estimate of ₹1300 crore.
•Despite the cut, Kaynes Technology aims for ₹1700 crore revenue in the March 2026 quarter and maintains a $100 crore sales target for FY28.
•Brokerage firms JPMorgan and Jefferies have maintained 'Overweight' and 'Buy' ratings respectively, with target prices of ₹6100 and ₹5940, despite concerns over working capital and debt.

Read Full Article on Moneycontrol in Hindi

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