India's Kaynes Technology rises on buying Sensonic Austria

Kaynes Technology India

04/12/2024 04:22

** Kaynes Technology  KAYN.NS  rises as much as 3.1%
    ** Electronic equipment and parts maker buys 54% stake in
Sensonic Austria
    ** Says acquisition expands KAYN's presence in global infra
tech markets
    ** Stock more than doubled in last seven months; opens
eighth month higher
    ** Trading vol above 100-day SMA since June and above
200-day SMA since May, indicating bullish sentiment
    ** KAYN rated "buy" on avg; median PT is 5,400 rupees, ~15%
lower than current price of 6,417.3 rupees - LSEG
    ** Stock last up 2.3%, extending YTD gains to ~144%

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))