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Kaynes Technology is currently trading at Rs. 2008.15, up by 148.95 points or 8.01% from its previous closing of Rs. 1859.20 on the BSE.

The scrip opened at Rs. 1958.95 and has touched a high and low of Rs. 2122.85 and Rs. 1930.40 respectively. So far 31384 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,122.85 on 25-Aug-2023 and a 52 week low of Rs. 625.05 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 2122.85 and Rs. 1718.00 respectively. The current market cap of the company is Rs. 11593.61 crore.

The promoters holding in the company stood at 63.57%, while Institutions and Non-Institutions held 21.08% and 15.34% respectively.

Kaynes Technology India has entered into memorandum of understanding (MoU) with Government of Karnataka (Electronics, IT and BT Department) to drive innovation. Kaynes Technology's pivotal role positions it as the ESDM Semicon ecosystem's anchor in Mysuru and this MoU will help in putting Mysuru on the global map.

Kaynes Semicon will lead the setup of a Semiconductor Assembly & Testing (OSAT) facility and Kaynes Circuits India will spearhead the establishment of a Printed Circuit Board (PCB) manufacturing plant for producing complex multi-layered boards. The MoU with Kaynes will put Karnataka in the forefront of OSAT and PCB with an investment of Rs 3,750 crore which will help in creating 3,200 jobs by harnessing collective expertise, the partnership is primed to not only meet pressing demands but also position Karnataka as a hub for cutting-edge semiconductor manufacturing and cultivating a self-sustaining and self-reliant ecosystem.

The company undertakes “Build To Print” or “Build to Specifications” of complex box builds, sub-systems and products across various industry verticals. It undertake turnkey electronics manufacturing services of PCBAs, cable harness, magnetics and plastics ranging from prototyping to product realization including mass manufacturing.