Kaynes Technology

** Kaynes Technology KAYN.NS shares fall almost 3.5% to 3,159.7 rupees, their lowest level since June 2024

** Nifty IT index .NIFTYIT up 2.03%

** Co reports Q4 profit fall

** Brokerage Elara Capital downgrades stock to "Accumulate" from "Buy"; lowers PT to 3,530 rupees from 5,700 rupees

** Says for FY27, management's revenue guidance of 30% is lower than earlier 40-50% target

** Expects some respite on sales front, as revenue miss was likely due to deferred execution rather than order cancellation

** 11 out of 22 brokerages rate the stock "buy" or higher, 8 "hold" and rest rate it "sell" or lower; their median PT is 3,620 rupees - LSEG-compiled data

** YTD, KAYN down 21.1% vs 25.3% decline in sub-index

(Reporting by Abhinav Parmar in Bengaluru)

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** Shares of Kaynes Technology India KAYN.NS fall 18.5% to 3,403 rupees; log biggest intraday pct-loss since June 2024

** Electronics manufacturer's Q4 profit falls ~22% Y/Y, hurt by a spike in expenses led by higher raw material costs; rev up 26%

** Over 6.2 mln shares traded, 4.6x the 30-day avg

** Stock rated "buy" on avg; median PT 4,290 rupees - data compiled by LSEG

** Stock down 15% YTD

(Reporting by Aleef Jahan in Bengaluru)

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May 13 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA LTD MARCH-QUARTER CONSOL PROFIT 912.2 MILLION RUPEES

• KAYNES TECHNOLOGY INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.43 BILLION RUPEES

Source text: [ID:]

Further company coverage: KAYN.NS

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** India's electronics manufacturing services (EMS) sector growth story remains intact despite a sharp 8%–35% correction in recent months, J.P. Morgan says

** In the sector, all stocks except Dixon Technologies Ltd DIXO.NS are expected to deliver 20%–25% revenue growth over FY26–28E, analysts at J.P. Morgan say

** See evidence of the sector upping value addition, evolving from finished product assembly to component and PCB manufacturing - JPM

** Syrma SGS Technology Ltd SYRM.NS remains J.P. Morgan's top pick in the sector, followed by Dixon

** Says with high conviction on revenue path, valuation discount and consumer electronics upcycle, see Syrma as the best risk-reward among the EMS names

** YTD, DIXO down 14.5%, KAYN down ~10% and SYRM up about 2%

(Reporting by Brijesh Patel in Bengaluru)

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** Shares of India's Kaynes Technology KAYN.NS fall 3.04% to 3521.70 rupees

** Integrated electronics manufacturer posted a profit of 766.42 million rupees ($8.50 million) that missed analyst estimates of 1.12 billion rupees -- data compiled by LSEG

** ICICI Securities says while profit grew 15% y/y, it missed estimates driven by muted growth and lack of traction in the co's industrial segment

** JP Morgan says Kaynes' Q3 profit disappointed due to weaker margins and an unfavourable mix, despite strong year-on-year revenue growth

** Stock rated "buy" on avg by 22 analysts, median PT: 5911 rupees - data compiled by LSEG

** KAYN was down ~46% in 2025, stock down about 10% so far in 2026

($1 = 90.1875 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Feb 5 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA DEC-QUARTER CONSOL PROFIT 766.4 MILLION RUPEES

• KAYNES TECHNOLOGY INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.04 BILLION RUPEES

Source text: ID:nnAZN4S9S5C

Further company coverage: KAYN.NS

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** Shares of Indian electronics manufacturing services (EMS) firms Dixon TechnologiesDIXO.NS, Syrma SGS SYRM.NS , Kaynes Technology India KAYN.NS rise between 4.6% to 6.5%

** U.S. President Donald Trump on Monday announced a trade deal with India, cutting tariffs on Indian goods to 18% and linking the move to India curbing Russian oil purchases

** ICICI Securities says lower U.S. tariffs could aid EMS exporters, including Dixon Technologies, Kaynes Technology and Syrma SGS, by improving export competitiveness and margins

** YTD, DIXO down 14.5%, KAYN down 13.5% and SYRM up about 5%

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** India's electronics manufacturing services sector seen benefiting from federal budget's pivot toward higher value addition and backward integration, brokerages say

** Government proposed increasing outlay for Electronic Components Manufacturing Scheme by 400 billion rupees ($4.36 billion), scaling up manufacturing and boosting semiconductor development

** CLSA says the budget marks a "pivot point" for electronics manufacturing, government allocation supports domestic component manufacturing and integration but flags near-term risks from lower smartphone assembly incentives

** Jefferies says higher allocation supports the medium-term outlook for electronic companies, but flags execution timelines and the expiry of assembly-linked incentives as near-term risks for some players

** Nomura flags continued policy support for electronics and semiconductors in the budget as a key positive within a fiscally restrained framework

** Dixon Technologies DIXO.NS flat, Kaynes Technology India KAYN.NS down 5%, Syrma SGS up 0.73% and Amber Enterprises AMBE.NS down 2.7% on the day

($1 = 91.7125 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Shares of Indian electronics manufacturing services firms Dixon Technologies DIXO.NS, Fujiyama Power Systems FUJI.NS, GNG Electronics GNGE.NS, DCX Systems DCXS.NS and Kaynes Technology KAYN.NS rise between 1.5% and 5.7%

** Analysts expect government support to boost domestic electronics manufacturing in federal budget

** Firms seen as key beneficiaries of India's push to localise electronics manufacturing

** Finance Minister Nirmala Sitharaman to present the federal budget at 11:00 a.m. IST today

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Jan 9 (Reuters) - Sealsq Corp 8OE.MU:

• SEALSQ AND KAYNES SEMICON REACH FINAL AGREEMENT TO DEVELOP A SOVEREIGN INDIAN POST-QUANTUM SEMICONDUCTOR JOINT VENTURE IN ALIGNMENT WITH MEITY

• SEALSQ CORP - TO HOLD 51% OF JV SHARE CAPITAL

• SEALSQ CORP - JV ELIGIBLE FOR SWISS–INDIA FREE TRADE AGREEMENT BENEFITS

Source text: ID:nGNX14TfMF

Further company coverage: 8OE.MU

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** Jefferies expects Indian electronics manufacturing services (EMS) firms to deliver strong earnings per share with CAGR of 44% between FY25 and FY28, based on execution

** Indian government's component manufacturing production-linked incentive (PLI) scheme has benefited companies in the segment, according to analysts at Jefferies

** Brokerage prefers Indian component makers over original equipment manufacturers in 2026

** It estimates total capex of Amber Enterprises AMBE.NS, Syrma SGS Technology SYRM.NS, Kaynes Technology India KAYN.NS and Dixon Technologies DIXO.NS to be ~100 bln rupees between FY26 and FY28; RoCE at 15-17%

** AMBE down 0.6%, KAYN and DIXO slip 5.8% and 2.5%, respectively while SYRM adds 0.2%

** Brokerage's top picks:

(Reporting by Abhirami G in Bengaluru)

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Oct 23 (Reuters) - Kaynes Technology India Ltd KAYN.NS:

• KAYNES TECHNOLOGY INDIA LTD - UNIT TO BUY 7% STAKE IN SENSONIC GMBH

Source text: ID:nNSEc5nYl1

Further company coverage: KAYN.NS

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** Kaynes Technology India KAYN.NS rises 1% to 6,813 rupees

** Macquarie starts with "outperform"; sets PT at 7,700 rupees, implying 13.4% upside to last close

** Highlights co's leadership in Electronics System Design and Manufacturing (ESDM), its aggressive growth strategy focused on diversification, revenue expansion, margin improvement

** Sees upside from global supply chain realignment, ongoing investments, under-appreciated gross margin potential

** Expects gross margin/EBITDA margin of 44%/20% by FY30, driving ROCE expansion from 13% in FY25 to 17% in FY28, 31% by FY30

** Stock rated "hold" on average; median PT is 6,500 rupees, per data compiled by LSEG

** YTD, KAYN falls 8%

(Reporting by Rudra Pratap Singh in Bengaluru)

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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)

(([email protected]; X: @MukherjeeHritam;))

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

Further company coverage: KAYN.NS

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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

Further company coverage: KAYN.NS

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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

Further company coverage: KAYN.NS

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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)

(([email protected]))

** 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

Further company coverage: KAYN.NS

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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

Further company coverage: KAYN.NS

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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)

(([email protected]; Mobile: +91 9591011727;))

** 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)

(([email protected]; +91 8697274436;))

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

• ACQUIRES 54% STAKE IN SENSONIC GMBH

Source text: ID:nBSE52H9ZN

Further company coverage: KAYN.NS

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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)

(([email protected] ; ( +91 8078332441))

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:]

Further company coverage: KAYN.NS

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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)

(([email protected]; +91 9769003463;))

** 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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