KAYNES

Aug 4 (Reuters) - Kaynes Technology India KAYN.NS said on Monday its unit will invest roughly 49.95 billion rupees ($570.40 million) over the next six years in the southern state of Tamil Nadu.

Kaynes Circuits India Pvt Ltd's investment will fund capacity additions and also set-up new projects in the state, the company said.

($1 = 87.5700 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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July 3 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA LTD - APPROVES INVESTMENT UP TO $17.7 MILLION IN SUBSIDIARY

Source text: ID:nNSE89KPh8

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June 24 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA - APPROVES QIP ISSUE OF 2.9 MILLION EQUITY SHARES

• KAYNES TECHNOLOGY INDIA LTD - QIP ISSUE PRICE SET AT 5,569.50 RUPEES PER SHARE

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June 11 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA - TO INVEST UP TO $1.03 MILLION TOWARDS ACQUISITION OF SHARES OF KAYNES HOLDING

Source text: ID:nBSE8lyhQx

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June 3 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA LTD - TO INVEST $8.8 MILLION IN KAYNES HOLDING

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** Kaynes Technology India KAYN.NS rises 5% to 6,612 rupees, highest since January 21

** Electronics maker's Q4 consol profit jumps 39% Y/Y, helped by a strong order book; rev up 50.7%

** Stock rated "buy" on avg; median PT is 5508.5 rupees, per data compiled by LSEG

** KAYN falls 10.6% YTD

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Kaynes Technology India Ltd KAYN.NS fall as much as 9.2% to 3,898 rupees

** Electronic products maker says its MD, Ramesh Kunhikannan got show-cause notice from India markets regulator, Securities and Exchange Board of India (SEBI)

** Adds, notice alleges violations in maintenance of structured digital database of results for period ended March 31, 2023

** Stock on track to fall for third straight day

** More than 919,000 shares traded as of 9:40 a.m. IST vs 30-day moving avg of over 1 mln shares

** Mean rating by 19 analysts covering the stock is 'buy'; median PT is 5,389.5 rupees - data compiled by LSEG

** KAYN last down 3.5%, adding to YTD losses of 42.1%

(Reporting by Meenakshi Maidas in Bengaluru)

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March 11 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA - MD RECEIVES SHOW-CAUSE NOTICE FROM SEBI

• KAYNES TECHNOLOGY INDIA LTD - NOTICE ALLEGES VIOLATIONS IN MAINTENANCE OF STRUCTURED DIGITAL DATABASE

Source text: ID:nBSE4WwwKZ

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** Shares of Kaynes Technology India KAYN.NS fall to an exchange-allowed maximum drop of 20% to 4214.5 rupees

** The electronics equipment maker trims its FY25 revenue forecast to 28 bln rupees ($323.63 mln) from 30 billion rupees, according to a CNBCTV18 report

** Co's Q3 profit grew 47%, but missed analysts' estimate, according to data compiled by LSEG

** More than 2 mln shares traded, 2.7x the 30-day avg

** Avg of analysts rating on KAYN is "hold", same as that on peer Dixon Technologies DIXO.NS; their median PT on KAYN is 5563.5 rupees - LSEG data

** Stock rose 184% in 2024 vs a 173% gain in DIXO

($1 = 86.5180 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Jan 22 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA - RAISING OF FUNDS FOR UPTO 16 BILLION RUPEES

Source text: ID:nNSE58rbb4

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** Kaynes Technology India KAYN.NS climbs 3% to 7,312 rupees

** Jefferies picks electronics manufacturer as a small-cap stock worth investing in

** Sees KAYN's FY24-26 rev growing 54% CAGR, ranking it second in brokerage's small- and mid-cap universe

** Jefferies has "hold" rating, PT of 7,100.30 rupees on stock

** Around 2.4 mln shares traded, 4.5x the 30-day avg

** Stock rated "buy" on avg - LSEG

** KAYN up 176% YTD vs small-cap's 26% rise

(Reporting by Nandan Mandayam in Bengaluru)

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** Kaynes Technology KAYN.NS rises as much as 3.1%

** Electronic equipment and parts maker buys 54% stake in Sensonic Austria

** Says acquisition expands KAYN's presence in global infra tech markets

** Stock more than doubled in last seven months; opens eighth month higher

** Trading vol above 100-day SMA since June and above 200-day SMA since May, indicating bullish sentiment

** KAYN rated "buy" on avg; median PT is 5,400 rupees, ~15% lower than current price of 6,417.3 rupees - LSEG

** Stock last up 2.3%, extending YTD gains to ~144%

(Reporting by Anuran Sadhu in Bengaluru)

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Dec 3 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• ACQUIRES 54% STAKE IN SENSONIC GMBH

Source text: ID:nBSE52H9ZN

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** Shares of Kaynes Technology India KAYN.NS rise 3% to 5,390 rupees

** Electronic equipment and parts maker said Q2 consol profit rose 86% to 602.1 mln rupees ($7 mln)

** Rev from ops jumps ~59% Y/Y, aided by strong orderbook

** Eighteen analysts covering the stock on avg have a "buy" rating; median PT is 4,700 rupees - LSEG data

** Stock has surged over two-fold so far this year

($1 = 84.0730 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Oct 29 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• SEPT-QUARTER CONSOL PROFIT 602.1 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.72 BILLION RUPEES

Source text: [ID:]

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** Shares of Kaynes Technology India KAYN.NS rise 3.2% to 5,598.05 rupees

** Rise after Morgan Stanley hikes target price to 6,652 rupees from 3,845 rupees, reiterates "overweight" rating

** Morgan Stanley TP for KAYN highest among 18 analysts tracking co - LSEG data

** KAYN's core electronics manufacturing services business remains on a strong footing with customer acquisitions and sector tailwinds, MS says

** Brokerage raises revenue, EBITDA and profit after tax estimates by 10%-36%, 11%-36% and 14%-36%, respectively, over fiscal years 2025-2027

** Mean rating of 18 analysts tracking KAYN is equivalent to "buy"; median target price is 4,600 rupees, about 31% lower than Morgan Stanley's target price - LSEG data

** Shares up 111% in 2024 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of electronic parts maker Kanyes Technology KAYN.NS rise 6.2% to 4,949.9 rupees

** India's government approved proposal of co's unit to set up semiconductor plant in Gujarat with investment of 33.07 bln rupees ($394 mln)

** KAYN rated "buy" on avg, rival Honeywell Automation India HONE.NS rated "hold" - LSEG data

** Over 1 mln shares traded so far, busiest day since July 29 when it reported a jump in Q1 earnings

** KAYN up ~90% YTD vs 36% climb in HONE

** Honeywell's stock is one of India's most expensive, currently up 1.3% at 50,841.1 rupees

($1 = 83.9420 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Kaynes Technology India KAYN.NS jump 11.3% to a record high of 4729 rupees; last up 8%

** Integrated electronics manufacturer said its Q1 consol profit doubled y/y, while rev jumped nearly 70%

** Stock set to rise for a sixth straight session, gaining around 20% in the period

** Trading vols at 5x its 30-day avg, more than 1.1 mln shares traded

** Stock up 75% so far in 2024 after more than tripling in 2023

(Reporting by Nishit Navin)

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July 26 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA JUNE-QUARTER CONSOL PROFIT 507.8 MILLION RUPEES

• KAYNES TECHNOLOGY INDIA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.04 BILLION RUPEES

• KAYNES TECHNOLOGY INDIA - EXECUTION OF JV FOR ACQUIRING STAKE IN SENSONIC GMBH, AUSTRIA

Source text for Eikon: ID:nNSE2KxBHK

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May 22 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA LTD - TO INVEST AMOUNT AGGREGATING UPTO $5.8 MILLION IN UNIT

Source text for Eikon: [ID:]

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** Shares of integrated electronics manufacturer Kaynes Technology India KAYN.NS rise as much as 14.9% to 2,950 rupees, last up 12.5%

** Co reports nearly doubled Q4 profit; revenue up ~75%

** Investec says it finds results slightly ahead of estimates

** Adds ramp up of vols from Mahindra and Mahindra MAHM.NS and new client additions likely aided rev growth

** Busiest day for the stock since early April with vols above 450,000 shares; 30-day avg is ~145,400 shares

** Avg rating of 17 brokers is a 'buy;' median PT is 2,950 rupees - LSEG data

** Stock up 11% YTD, after rising more than 3x in 2023

($1 = 83.4850 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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May 16 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA LTD MARCH-QUARTER CONSOL PROFIT 812.6 MILLION RUPEES VERSUS 412.8 MILLION RUPEES

• KAYNES TECHNOLOGY INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.37 BILLION RUPEES VERSUS 3.65 BILLION RUPEES

Source text for Eikon: [ID:]

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Feb 6 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES SEMICON AND APTOS TECHNOLOGY, UNIT OF OF TAIWAN MASK CORPORATION, TAIWAN ENTERED A COLLABORATION AGREEMENT

• TO CONDUCT COOPERATION TRAINING WITH KAYNES SEMICON ON SEMICONDUCTOR PACKAGING AND TESTING TECHNOLOGY

• KAYNES SEMICON PROPOSES TO INVEST UPTO USD 5.5 MILLION

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Jan 31 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• DIGILENS INC. ANNOUNCES COLLABORATIVE PARTNERSHIP WITH KAYNES TECHNOLOGY INDIA

• PARTNERSHIP TO SCALE WAVEGUIDE MANUFACTURING

Source text for Eikon: ID:nBSE6FVCn6

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Jan 30 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• TO SET UP ENTITY FOR EXPLORING OPPORTUNITIES TO EXPAND MARKET REACH IN MENA REGION

Source text for Eikon: ID:nBSE72Q1yG

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** Shares of Kaynes Technology India KAYN.NS up as much as 3.6%; last up 2.1%

** Electronics manufacturer proposed to purchase shares of U.S.-based peer Mixx Technologies for $3 mln

** Stock has gained 7% so far this month; it has gained every month since listing in Nov. 2022

** Analysts' avg rating is equivalent of "buy", their median PT is 2,735 rupees

** Stock more than doubled in 2023

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Jan 12 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• CO PROPOSED TO PURCHASE SHARES OF MIXX TECHNOLOGIES INC

• COST OF ACQUISITION $3 MILLION

Source text for Eikon: ID:nBSE1ZKYc0

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Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA LTD- PROPOSED TO PURCHASE SHARES OF KAYNES SEMICON FOR 2.5 MILLION RUPEES

• KAYNES TECHNOLOGY INDIA LTD- TO PURCHASE KAYNES CIRCUITS INDIA FOR 2.5 MILLION RUPEES

Source text for Eikon: ID:nBSE4BfXxY

Further company coverage: KAYN.NS

** Shares of electronics manufacturer Kaynes Technology India KAYN.NS rise as much as 5.5%

** Co says it has approved acquisition of peer Digicom Electronics in $2.5 mln deal

** KAYN currently up 4.7%, on track for seventh straight session of gains; stock, however, set for smallest quarterly growth since listing in 2022

** Trading volumes nearly twice the 30-day moving avg

** Avg rating of 12 analysts on KAYN at "buy"; median PT is 2,680 rupees vs current price of 2,723.55 rupees - LSEG data

** Including session's move, stock has more than doubled so far this year

(Reporting by Kashish Tandon in Bengaluru)

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Nov 10 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• TO CONSIDER RAISING OF FUNDS THROUGH ISSUANCE OF ELIGIBLE SECURITIES

Source text for Eikon: ID:nBSE1GMyhP

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