Kaynes Tech News Today

The current price-to-earnings multiple of most electronics manufacturing services companies, including Dixon, Kaynes Tech, Syrma SGS Tech, and Avalon Tech, is higher than their five-year average PE ratios

Kaynes Technologies shares have surged over 40% in the past three trading sessions on the BSE following the companys robust performance in the January-March quarter. Today, the stock saw a further spike of 12%, reaching a 52-week high of Rs 3,638.4. In Q4 FY24, Kaynes Tech reported a significant increase in consolidated net profit, soaring by 96.8% year-on-year (YoY) to Rs 813 crore.

Kaynes Techs consolidated net profit jumped 96.8 percent YoY in Q4FY24, while revenue from operations increased 74.8 percent YoY

Kaynes Technology share price: Profit after tax (PAT) came at Rs 81.3 crore, up 96.8 per cent on a year-on-year (YoY) basis. During the quarter under review, PAT margin was at 12.8 per cent. Revenue from operations jumped 74.8 per cent (YoY) to Rs 637.3 crore in Q4 FY24.

BSE was the top gainer in the Nifty500 index, soaring 521 percent, followed by IRFC and Suzlon Energy, which skyrocketed 462 percent and 444 percent, respectively.

Kaynes Tech expects a 40-50% growth in FY26 with semiconductor and PC board revenues. The companys order book, capacity expansion plans, and focus on addressing challenges position it for sustained growth in the future. CFO Jairam Sampath says the company needs to leapfrog into the higher-end semiconductors so that they are future-proof.

Kaynes Tech expects a 40-50% growth in FY26 with semiconductor and PC board revenues. The companys order book, capacity expansion plans, and focus on addressing challenges position it for sustained growth in the future. CFO Jairam Sampath says the company needs to leapfrog into the higher-end semiconductors so that they are future-proof.

LIC shares: The stock hit a record high of Rs 1,050.50, up 2.52 per cent. It eventually closed at Rs 1,045, up 1.98 per cent.

The IPO boom in 2023 added four new promoters to the billionaires list.

The floor price of the QIP is Rs 2,449.46 apiece, which is at a 6 percent discount to the stocks closing price on December 18