kaynes tech share price: Kaynes Technology shares now cheapest in JPMorgan’s coverage after 40% correction in a month. Time to buy?
Kaynes Technology shares have emerged as the cheapest stock in JPMorgan’s entire coverage universe, after a sharp 40% correction in the past month pushed valuations to levels even below the brokerage’s bear-case assumptions.
In its latest Asia Pacific Equity Research note dated December 9, 2025, JPMorgan reiterated its Overweight stance on the company, saying the stock now trades at just 0.7x PEG, well below the 1x average for peers, following the 40% drop over the past one month, even as the Nifty rose nearly 2%.
The brokerage emphasised that the sell-off has come without any change in fundamentals, noting that concerns around stretched working capital and receivables after the second quarter have weighed on sentiment. Kaynes’ net…
