Buy Kaynes Technology India, target price Rs 3100: Motilal Oswal
Kaynes Technology India Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 13479.47 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-2023.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 369.80 Crore, up 21.13 % from last quarter Total Income of Rs 305.30 Crore and up 35.03 % from last year same quarter Total Income of Rs 273.87 Crore.
Company reported net profit after tax of Rs 32.31 Crore in latest quarter.
Promoter/FII Holdings Promoters held 63.57 per cent stake in the company as of 30-Sep-2023, while FIIs owned 9.9 per cent, DIIs 15.58 per cent.
