Kaynes Tech shares extended losses, falling another 5% after a 20% crash following weak Q4 earnings. Profit declined 22% YoY despite 26% revenue growth, which missed internal targets. Brokerages including JP Morgan, Nuvama and CLSA cut targets, citing execution concerns, margin pressure, and weak near-term visibility.
Kaynes Tech shares extended losses, falling another 5% after a 20% crash following weak Q4 earnings. Profit declined 22% YoY despite 26% revenue growth, which missed internal targets. Brokerages including JP Morgan, Nuvama and CLSA cut targets, citing execution concerns, margin pressure, and weak near-term visibility. by Soban News (international And National News)