Kaynes Technology share price nosedives 24% in two days to hit 52-week low after multiple downgrades. Check details
New Delhi, May 15 -- Kaynes Technology India share price came under heavy selling pressure to hit its 52-week low of Rs.3,182.55 after the company reported a sharp decline in fourth-quarter profitability, triggering concerns over margins, execution and working capital requirements. The stock has fallen more than 24% over the last two trading sessions following the earnings announcement.
Kaynes Technology shares had plunged over 20% in the previous session. In Friday's trade, the stock slipped another 4.7% to hit an intraday low of Rs.3,182.55 before witnessing some recovery through value buying and rising to an intraday high of Rs.3,328.40.
The sharp reaction came after the company reported weaker-than-expected Q4FY26 earnings after mar...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.