Kaynes technology share price


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Kaynes technology share price

As of May 31, 2024, here’s the information about Kaynes Technology India Ltd.:

  • 52-Week Range: ₹1,146.00 to ₹3,643.70
  • Volume: 142,380 shares traded
  • Market Cap: ₹21,754 crore
  • Earnings Per Share (EPS): ₹28.68 (26.69% YoY growth)
  • Price-to-Earnings Ratio (PE): 118.67 (High PE)
  • Price-to-Book Ratio (P/B): 8.75 (Low P/B)
  • Promoters’ Holding: Remains unchanged at 57.83% in Mar 2024 quarter

Kaynes Technology India Ltd. is considered a strong performer stock with consistent financial performance and quality management. Keep in mind that the PE ratio is relatively high, indicating that the stock may be overvalued. Always do thorough research before making investment decisions!

What are the recent developments in Kaynes Technology?

Semiconductor Plant in Hyderabad:

  • Kaynes Technology, a home-grown player in the electronics contract manufacturing services segment, is set to establish a semiconductor Outsourced Semiconductor Assembly and Test (OSAT) facility in Hyderabad.
  • The company will invest ₹2,800 crore in this world-class plant, which will be located near the upcoming electronics manufacturing facility of Foxconn in Kongara Kalan.
  • The OSAT facility will create 2,000 jobs and is considered a landmark moment in India’s semiconductor mission.

Solid Q4 Earnings:

  • Kaynes Technology India’s shares surged by 16% to ₹2,989 following the release of their Q4 earnings report.
  • The company reported a 74.8% year-on-year increase in revenue.

Investment Plans:

  • Kaynes Technology aims for a revenue of ₹1,750-1,800 crore in FY24.

Semiconductor Manufacturing Investment:

  • Kaynes Technologies, the parent company, plans to allocate approximately ₹200 crore towards research and development for the OSAT project alongside its semiconductor venture.

How has their stock performed in comparison to industry peers?

  1. Valuation:


  • KAYNES hasn’t fared well among the low performers.
  • The stock shows good signs of profitability and efficiency.

Technical Analysis:

  • The stock is overpriced, but it’s not in the overbought zone.

Red Flags:

  • KAYNES has a moderate number of red flags.

What are the key growth drivers for KAYNES?

  1. Semiconductor Industry Expansion:
    • The global semiconductor industry is witnessing rapid growth due to increased demand for electronic devices, including smartphones, IoT devices, and automotive electronics.
    • Kaynes Technology’s focus on semiconductor manufacturing and its upcoming OSAT facility in Hyderabad positions the company to benefit from this industry expansion.
  2. Government Initiatives:
    • The Indian government’s Production-Linked Incentive (PLI) scheme for electronics manufacturing encourages companies to invest in domestic production.
    • Kaynes has signed an MoU with the Karnataka government, committing substantial investment in the region. Such initiatives can boost the company’s growth prospects.
  3. Diversification and Innovation:
    • Kaynes Technology’s diversification into areas like aerospace, defense, and medical electronics allows it to tap into new markets.
    • The company’s focus on research and development (R&D) and collaboration with institutions like IIT Bombay enhances its ability to innovate and stay competitive.
  4. Supply Chain Resilience:
    • The ongoing global supply chain disruptions have highlighted the importance of building resilient supply chains.
    • Kaynes’ strategic investments in semiconductor manufacturing and OSAT services can contribute to a more robust supply chain ecosystem.
  5. Strong Order Book:
    • Kaynes Technology has a healthy order book, indicating sustained demand for its services.
    • The company’s ability to execute these orders efficiently will be crucial for its growth trajectory.
  6. Geopolitical Shifts:
    • Geopolitical dynamics, such as the China+1 strategy, are driving companies to diversify their manufacturing bases.
    • Kaynes’ expansion plans align with this trend, positioning it as an attractive partner for global clients seeking alternatives to China-based manufacturing.


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