IGI Logo

Kaynes Technology is currently trading at Rs. 2728.25, up by 124.30 points or 4.77% from its previous closing of Rs. 2603.95 on the BSE.

The scrip opened at Rs. 2657.90 and has touched a high and low of Rs. 2740.00 and Rs. 2644.70 respectively. So far 22765 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2954.20 on 09-Oct-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. 2740.00 and Rs. 2430.00 respectively. The current market cap of the company is Rs. 15862.73 crore.

The promoters holding in the company stood at 63.57%, while Institutions and Non-Institutions held 25.49% and 10.94% respectively.

Kaynes Technology India has received approval for acquisition of Digicom Electronics INC for expansion in USA. Cost of acquisition is $2.5 million. The said acquisition is expected to be completed on or before the conclusion of Q4 FY2024. The Board of Directors at its meeting held on December 18, 2023, considered and approved the same. 

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