India's Kaynes Tech set for worst day in nearly 2 years after Q4 profit fall

Kaynes Technology India

14/05/2026 07:06

** Shares of Kaynes Technology India KAYN.NS fall 18.5% to 3,403 rupees; log biggest intraday pct-loss since June 2024

** Electronics manufacturer's Q4 profit falls ~22% Y/Y, hurt by a spike in expenses led by higher raw material costs; rev up 26%

** Over 6.2 mln shares traded, 4.6x the 30-day avg

** Stock rated "buy" on avg; median PT 4,290 rupees - data compiled by LSEG

** Stock down 15% YTD

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))