Motilal Oswal sees 30% upside as Kaynes Tech Q1 results

Kaynes Tech is a company in India that builds electronic products for other businesses.

The company told everyone how much money it made in the last three months.

It earned 40% more money than it did at the same time last year.

People who watch companies had guessed how much it would earn, and Kaynes did even better than the guess.

Kaynes also has a big list of future orders worth ₹8,900 crore, so it knows many customers want its products.

Some costs, like energy and materials, went up, so Kaynes keeps a bit less profit per sale.

A money expert company called Motilal Oswal thinks Kaynes will keep growing well.

It believes the company's shares could rise by another 30%.

Kaynes is also working on new projects, like making a small satellite and working with India's space and defence agencies.

Overall, this was good news for the company and for people who own its shares.