Kaynes Technology India gains on bigger Q2 profit

Kaynes Technology India

30/10/2024 04:18

** Shares of Kaynes Technology India  KAYN.NS  rise 3% to
5,390 rupees
    ** Electronic equipment and parts maker said Q2 consol
profit rose 86% to 602.1 mln rupees ($7 mln)
    ** Rev from ops jumps ~59% Y/Y, aided by strong orderbook
    ** Eighteen analysts covering the stock on avg have a "buy"
rating; median PT is 4,700 rupees - LSEG data
    ** Stock has surged over two-fold so far this year
 
 ($1 = 84.0730 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))