Kaynes Technology India up on its proposal to buy shares in US peer

Kaynes Technology India

15/01/2024 05:18

** Shares of Kaynes Technology India  KAYN.NS  up as much as
3.6%; last up 2.1% 
    ** Electronics manufacturer proposed to purchase shares of
U.S.-based peer Mixx Technologies for $3 mln
    ** Stock has gained 7% so far this month; it has gained
every month since listing in Nov. 2022 
    ** Analysts' avg rating is equivalent of "buy", their median
PT is 2,735 rupees
    ** Stock more than doubled in 2023 
    
    

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))