Kaynes Technology India jumps on incorporating wholly owned subsidiary
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Kaynes Technology India is currently trading at Rs. 2853.45, up by 58.35 points or 2.09 % from its previous closing of Rs. 2795.10 on the BSE.
The scrip opened at Rs. 2851.25 and has touched a high and low of Rs. 2920.00 and Rs. 2843.95 respectively. So far 2873 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3000.00 on 20-Dec-2023 and a 52 week low of Rs. 855.00 on 20-Feb-2023.
Last one week high and low of the scrip stood at Rs. 2950.00 and Rs. 2566.45 respectively. The current market cap of the company is Rs. 18216.65 crore.
The promoters holding in the company stood at 57.83%, while Institutions and Non-Institutions held 31.76% and 10.41% respectively.
Kaynes Technology India has incorporated a wholly owned subsidiary (WOS) company named ‘Kaynes Mechatronics’ (KMPL). The company has incorporated wholly owned subsidiary on February 16, 2024. The objective of incorporation is to carry on the business of manufacturers, traders, dealers, wholesalers, retailers, importers, and exporters of high precision machining, sheet metal fabrication, dies, moulds, tool, fixtures making, plastic injection and other moulding, design and manufacturing of all mechanical assemblies including electronic part, parts of electrical, automotive, appliance, aerospace, defence, testing of assemblies and sub-assemblies etc.
Kaynes Technology India is an end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services.
