Latest news with #KaynesTechnology
Business Upturn
09-07-2025
- Business
- Business Upturn
Kaynes Technology shares surge 3% after JPMorgan initiates coverage with ‘Overweight' rating, sees robust growth in EMS sector
By Aman Shukla Published on July 9, 2025, 10:02 IST Kaynes Technology shares gained 3% in early trade after JPMorgan initiated coverage with an 'Overweight' rating. The brokerage highlighted the company's strong revenue growth potential, projecting a compound annual growth rate (CAGR) of 46% over FY25–28. Kaynes aims to reach $1 billion in revenue by FY28. JPMorgan also pointed to broader sector tailwinds, calling India's Electronic Manufacturing Services (EMS) industry a 'sunrise sector,' with an expected 32% CAGR from FY25 to FY30. Growth drivers include higher electronics demand, government-led manufacturing incentives, and global supply chain shifts. Kaynes Technology stock opened at ₹6,070.00 and touched an intraday high of ₹6,238.00, while the low remained at the opening level. The current price action keeps the stock well below its 52-week high of ₹7,822.00 but comfortably above its 52-week low of ₹3,726.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
The Hindu
07-07-2025
- Business
- The Hindu
Kaynes Technology to set up unit at Perumbavoor Industrial Park
Kaynes Technology, an electronics system design and manufacturing company, is set to establish a new manufacturing unit in Kerala. The company will be allotted land in the Perumbavoor Industrial Park developed by the Kerala Industrial Infrastructure Development Corporation (KINFRA) to facilitate this expansion. The company representatives, who visited the industrial estate on Monday (July 7), held discussions with Industries Minister P. Rajeeve and secured official approval for land allocation, according to a release. The company had signed a Memorandum of Understanding (MoU) with the Department of Industries, promising around ₹500 crore investment and offering over 2,000 employment opportunities in the State at the Invest Kerala summit. The unit's first phase is expected to be operational within 18 months of land transfer, it said.
Business Upturn
03-07-2025
- Business
- Business Upturn
Kaynes Technology approves $17.7 million additional investment in Singapore subsidiary
By Aditya Bhagchandani Published on July 3, 2025, 19:40 IST Kaynes Technology India Limited announced on Thursday that its board has approved a further investment of up to USD 17.7 million (approximately ₹147 crore) in its wholly owned subsidiary, Kaynes Holding Pte. Ltd., incorporated in Singapore. In a regulatory filing, the company said it will acquire up to 17,524,752 equity shares of Kaynes Holding Pte. Ltd. at an issue price of USD 1.01 per share, in one or more tranches. This will increase Kaynes Holding's total paid-up capital from approximately 16.9 million shares to 34.5 million shares, with Kaynes Technology continuing to hold 100% ownership. Kaynes Holding was established in June 2024 as a strategic arm for the group's global expansion in electronics system design, manufacturing, and strategic investments. For FY25, the subsidiary reported a net worth of approximately ₹65.3 crore and other income of ₹41.5 lakh (unaudited), but no turnover yet. The company stated the additional funds will help strengthen its presence in electronics manufacturing and facilitate strategic acquisitions in line with its growth ambitions. The investment is expected to be completed by June 30, 2026, and will be made through cash. Kaynes Technology's Managing Director, Ramesh Kunhikannan, and Whole Time Director & CFO, Jairam Paravastu Sampath, also serve on the board of Kaynes Holding, representing the parent company. The transaction, however, does not fall under the definition of a related party transaction as per SEBI norms. Kaynes Technology is a Mysuru-headquartered electronics manufacturing and design company with a growing international footprint. The company's shares are listed on BSE (Scrip code: 543664) and NSE (Symbol: KAYNES). The company said the details of the investment have also been published on its website: Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Bloomberg
03-07-2025
- Business
- Bloomberg
India's Manufacturing Rally Loses Steam on Margin, Growth Woes
A sector that underpinned the once-popular 'Make in India' trade is faltering as shrinking margins and slowing growth shakes investor confidence. Following triple-digit share gains in recent years, electronics manufacturers — who make everything from Samsung Electronics Co. phones to air conditioning units — are facing a sharp reversal as investor enthusiasm cools. Among them, shares of Dixon Technologies India Ltd. and Kaynes Technology India Ltd. have tumbled more than 15% this year, underperforming the broader market rally.
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Business Standard
25-06-2025
- Business
- Business Standard
Dixon Technologies stock weighed down by the competition concerns
Dixon's revenue growth was led by mobiles & EMS (194 per cent), offset by 23 per cent fall in consumer electronics. Home appliances and lighting were flat Devangshu Datta Mumbai Listen to This Article Increasing competition in the electronics manufacturing services (EMS) industry is impacting valuations. Market leader Dixon Technologies has been hit hard though it remains the leader in an industry with strong growth. Listed players such as Kaynes Technology, Avalon Technologies, Syrma SGS Technology, Cyient DLM, Data Patterns, Dixon, and Amber Enterprises have all seen some price correction. This comes despite orders from aerospace, industrials, automotive, and infrastructure sector clients. Increasing competition has led to investors pulling back valuations. EMS players have big capex plans driven by policies like production-linked incentive scheme (PLI). The aggregate order book of the seven companies mentioned
