Reduce Kaynes Technology, target price Rs 4,600: HDFC Securities
HDFC Securities has a reduce call on Kaynes Technology India with a target price of Rs 4,600. The current market price of the stock is Rs 5,437.85. Kaynes Technology India, incorporated in 2008, is a Small Cap company with a market cap of Rs 34822.18 crore, operating in General sector.
Kaynes Technology India’s key products/revenue segments include Electrical Consumer Durables and Sale of services for the year ending 31-Mar-2024.
Financials
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 605.67 crore, up 13.79% from last quarter’s Total Income of Rs 532.28 crore and up 63.78% from last year same quarter’s Total Income of Rs 369.80 crore. The company has reported net profit after tax of Rs…
