New Delhi, Dec. 8 -- The sharp sell-off in Kaynes Technology further extended into Monday's session, December 8, with the stock crashing another 7.4% to Rs.4,030 apiece, the lowest level since April, as investor sentiment towards the counter remained deeply subdued.

The stock last week closed with a steep 21% drop, the biggest weekly crash since its listing in November 2022, after domestic brokerage firm Kotak Institutional Equities flagged inconsistencies in FY2025 disclosures, sparking panic despite management clarifications.

In an interaction with CNBC-TV18 on Friday, Kaynes Tech management issued a detailed clarification in response to the Kotak Institutional Equities note, but it did little to prevent the stock from falling.

In a ...