Buy Kaynes Technology India, target price Rs 5550: Motilal Oswal

economictimes.indiatimes.com:

Kaynes Technology India with a target price of Rs 5550. The current market price of Kaynes Technology India is Rs 4648.5.

Kaynes Technology India Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 29640.09 Crore) operating in General sector.

Kaynes Technology India Ltd. key Products/Revenue Segments include Electrical Consumer Durables and Sale of services for the year ending 31-Mar-2024.

Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 532.28 Crore, down -20.16 % from last quarter Total Income of Rs 666.72 Crore and up 74.35 % from last year same quarter Total Income of Rs 305.30 Crore. Company reported net profit after tax of Rs 50.78 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 57.83 per cent stake in the company as of 30-Jun-2024, while FIIs owned 14.27 per cent, DIIs 17.86 per cent.