Archive · 9 Dec 2025
Kaynes Tech Shares Recover After 4-Day Slump
Kaynes Technology India Ltd's shares fell a lot over four days, but on Tuesday, they went up by 7.77%.
This happened because a report said the company made some mistakes in their money reports.
The company said they fixed the mistakes.
A big money company, JPMorgan, said the shares could go up a lot more, which made people buy them again.
The shares are still lower than they were before, but they might go up more in the future.
Kaynes Technology shares surged 7.77% to Rs 4,095, ending a four-day losing streak that saw a 30.78% drop.
Concerns were raised over inconsistencies in FY25 related-party disclosures and rising contingent liabilities to Rs 520 crore.
The company clarified that undisclosed purchases were inadvertently not disclosed in standalone financial statements but were properly eliminated in consolidated statements.
JPMorgan issued a bullish note, suggesting a bear base fair value of Rs 4,900 and an overall target price of Rs 7,550.
The stock is deeply oversold, with an RSI of 9.1 and MFI of 7.3, trading below its 50-day and 200-day moving averages.
- Who
- Kaynes Technology India Ltd
- What
- Shares recovered 7.77% after a four-day slump
- When
- On Tuesday, December 5, 2023
- Where
- India
- Why
- Concerns over inconsistencies in FY25 related-party disclosures and rising contingent liabilities, followed by a bullish outlook from JPMorgan
- Company
- Kaynes Technology India Ltd
- Current Share Price
- Rs 4,095 (after 7.77% rise)
- Percentage Drop
- 30.78% in four days
- Contingent Liabilities
- Rs 520 crore (18% of net worth)
- Performance Bank Guarantees
- Rs 96.8 crore
- Corporate Guarantees
- Rs 132.5 crore
- Undisclosed Purchases
- Rs 180 crore
- Next Support Level
- Rs 3,700
- Resistance Level
- Rs 4,353
- JPMorgan Target Price
- Rs 7,550
- JPMorgan Bear Base Fair Value
- Rs 4,900
- Relative Strength Index (RSI)
- 9.1
- Money Flow Index (MFI)
- 7.3
