Kaynes Technology India surges as its arm gets Cabinet nod to setup semiconductor unit in Gujarat
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Kaynes Technology India is currently trading at Rs. 4839.00, up by 182.05 points or 3.91% from its previous closing of Rs. 4656.95 on the BSE.
The scrip opened at Rs. 4799.00 and has touched a high and low of Rs. 5052.25 and Rs. 4780.10 respectively. So far 62224 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5385.00 on 21-Aug-2024 and a 52 week low of Rs. 1894.20 on 06-Sep-2023.
Last one week high and low of the scrip stood at Rs. 5052.25 and Rs. 4600.00 respectively. The current market cap of the company is Rs. 30840.47 crore.
The promoters holding in the company stood at 57.83%, while Institutions and Non-Institutions held 32.14% and 10.04% respectively.
Kaynes Technology India’s wholly owned subsidiary -- Kaynes Semicon has received approval from Union Cabinet to setup a semiconductor unit at Sanand, Gujarat. The proposed unit will be setup with an investment of Rs 3,307 crore. The capacity of this unit will be to Assemble, Test, Mark and Packing of 60 lakh chips per day. The chips produced in this unit will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, information technology, telecom, mobile phones, etc.
Kaynes Technology India (KTIL) 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.
