Kaynes Technology India gains after Jefferies marks co as investment pick

Kaynes Technology India

19/12/2024 09:09

** Kaynes Technology India  KAYN.NS  climbs 3% to 7,312
rupees
    ** Jefferies picks electronics manufacturer as a small-cap
stock worth investing in
    ** Sees KAYN's FY24-26 rev growing 54% CAGR, ranking it
second in brokerage's small- and mid-cap universe
    ** Jefferies has "hold" rating, PT of 7,100.30 rupees on
stock
    ** Around 2.4 mln shares traded, 4.5x the 30-day avg
    ** Stock rated "buy" on avg - LSEG
    ** KAYN up 176% YTD vs small-cap's 26% rise

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))