India's Kaynes Technology falls after Investec reiterates 'sell' rating

Kaynes Technology India

31/08/2026 08:56

** Shares of India's Kaynes Technology KAYN.NS fall 5% to 3,746 rupees 
** Investec reiterates integrated electronics manufacturer's stock rating at "sell", with PT at 2,790 rupees
** Brokerage flags weak operating cash flow, rising smart-meter receivables and concerns over balance-sheet quality following co's FY26 annual report
** Says potential divestment of Iskraemeco may not resolve cash-flow concerns, while its exit could materially hurt core EMS profitability
** Stock rated "hold" on average by 22 analysts; median PT at 3,631.50 rupees - LSEG compiled data
** Stock down 6.7% YTD

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))