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Kaynes Technology halves investor wealth in 2025
short by Pragya Swastik / on Tuesday, 11 February, 2025
Electronics maker Kaynes Technology's shares are down nearly 50% from around ₹7,600 apiece at the beginning of 2025. Kaynes lost over ₹23,000 crore in m-cap in the last 32 trading sessions. The company's Q3 earnings missed analysts' estimates and management reduced its FY25 revenue guidance. Of the 23 analysts tracking the stock, 17 still maintain a 'Buy' on the stock.
read more at Bloomberg Quint