Kaynes Technology stock zooms 34% on listing day; what should investors do?
Kaynes Technology stock zoomed 34.07% to Rs 787 from the upper end of their IPO price band of Rs 559 to Rs 587
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Kaynes Technology stock zoomed 34.07% to Rs 787 from the upper end of their IPO price band of Rs 559 to Rs 587
Shares of Kaynes Technology India today listed with a premium of 32.53 per cent against the issue price of Rs 587.
The stock made its debut at Rs 775, a jump of 32 per cent from the issue price on the BSE. It further rallied to Rs 787, up 34 per cent from its issue price.
India's leading end-to-end and IoT (Internet of Things) solutions-enabled integrated electronics manufacturer Kaynes Technology will hit Dalal Street today after a successful initial public offering (IPO) run. The 858 crore IPO was 34.16 times oversubscribed
In traded volume terms, 5.83 lakh shares of the firm were traded at the BSE and over 93 lakh shares at the NSE during morning deals.