Latest news with #KaynesCircuitsIndiaPrivateLimited
Economic Times
4 days ago
- Business
- Economic Times
Kaynes Technology shares jump over 3% as unit inks Rs 4,995 crore investment MoU with Tamil Nadu
Shares of Kaynes Technology jumped 3.5% to their day's high of Rs 6,515 on the BSE on Tuesday after its wholly owned subsidiary signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu for a proposed investment of Rs 4,995 crore over six years to set up new manufacturing facilities in the state. ADVERTISEMENT The electronics component maker said on Monday that the investment, to be undertaken by Kaynes Circuits India Private Limited, will include greenfield projects and capacity expansions. The state government will facilitate discussions around financial incentives, industrial policies, and structured assistance packages. In a stock exchange filing, Kaynes Technology said the Tamil Nadu government, through its nodal agency Guidance, has "agreed to extend necessary support in terms of infrastructure facilitation and regulatory clearances in accordance with applicable laws and policies." The announcement comes on the heels of strong first-quarter earnings. Net profit for the three months ended June rose 47% year-on-year to Rs 74.6 crore. EBITDA also rose sharply by 68% to Rs 113 crore in Q1 improved to 16.7%, up from 13.3% in the same period last year, reflecting better operational efficiency. Revenue for the June 2025 quarter stood at Rs 673.4 crore, marking a 33.6% year-on-year increase. ADVERTISEMENT Shares of Kaynes Technology ended Monday's session down 1.15% at Rs 6,297.00 on the BSE. The stock is down 17% so far in 2025 but remains up 9% over the past three the stock is trading above all its key simple moving averages (from 5-day to 200-day), indicating bullish momentum across short- to long-term time frames. The Relative Strength Index (RSI) stands at 62.9, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 38.6, staying above both the center and signal lines, another sign supporting continued bullish sentiment. ADVERTISEMENT Also read | NSE reaches Rs 40 crore settlement with Sebi over data disclosure case (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
4 days ago
- Business
- Economic Times
Kaynes Technology shares in focus as unit inks Rs 4,995 crore investment MoU with Tamil Nadu
Kaynes Technology's shares are in focus after its subsidiary signed an MoU with the Tamil Nadu government for a Rs 4,995 crore investment to set up new manufacturing units. This comes alongside strong Q1 results, with profit up 47% and EBITDA surging 68%. Despite a YTD decline, technical indicators suggest continued bullish momentum for the stock. Tired of too many ads? Remove Ads Q1 Earnings Tired of too many ads? Remove Ads Stock Performance and Technical Outlook Shares of Kaynes Technology are set to be in focus on Tuesday after its wholly owned subsidiary signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu for a proposed investment of Rs 4,995 crore over six years to set up new manufacturing facilities in the electronics component maker said on Monday that the investment, to be undertaken by Kaynes Circuits India Private Limited , will include greenfield projects and capacity expansions. The state government will facilitate discussions around financial incentives, industrial policies, and structured assistance a stock exchange filing, Kaynes Technology said the Tamil Nadu government, through its nodal agency Guidance, has "agreed to extend necessary support in terms of infrastructure facilitation and regulatory clearances in accordance with applicable laws and policies."The announcement comes on the heels of strong first-quarter earnings. Net profit for the three months ended June rose 47% year-on-year to Rs 74.6 crore. EBITDA also rose sharply by 68% to Rs 113 crore in Q1 improved to 16.7%, up from 13.3% in the same period last year, reflecting better operational efficiency. Revenue for the June 2025 quarter stood at Rs 673.4 crore, marking a 33.6% year-on-year of Kaynes Technology ended Monday's session down 1.15% at Rs 6,297.00 on the BSE. The stock is down 17% so far in 2025 but remains up 9% over the past three the stock is trading above all its key simple moving averages (from 5-day to 200-day), indicating bullish momentum across short- to long-term time frames. The Relative Strength Index (RSI) stands at 62.9, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 38.6, staying above both the center and signal lines, another sign supporting continued bullish sentiment.
Time of India
4 days ago
- Business
- Time of India
Kaynes Technology shares in focus as unit inks Rs 4,995 crore investment MoU with Tamil Nadu
Q1 Earnings Live Events Stock Performance and Technical Outlook (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Kaynes Technology are set to be in focus on Tuesday after its wholly owned subsidiary signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu for a proposed investment of Rs 4,995 crore over six years to set up new manufacturing facilities in the electronics component maker said on Monday that the investment, to be undertaken by Kaynes Circuits India Private Limited , will include greenfield projects and capacity expansions. The state government will facilitate discussions around financial incentives, industrial policies, and structured assistance a stock exchange filing, Kaynes Technology said the Tamil Nadu government, through its nodal agency Guidance, has "agreed to extend necessary support in terms of infrastructure facilitation and regulatory clearances in accordance with applicable laws and policies."The announcement comes on the heels of strong first-quarter earnings. Net profit for the three months ended June rose 47% year-on-year to Rs 74.6 crore. EBITDA also rose sharply by 68% to Rs 113 crore in Q1 improved to 16.7%, up from 13.3% in the same period last year, reflecting better operational efficiency. Revenue for the June 2025 quarter stood at Rs 673.4 crore, marking a 33.6% year-on-year of Kaynes Technology ended Monday's session down 1.15% at Rs 6,297.00 on the BSE. The stock is down 17% so far in 2025 but remains up 9% over the past three the stock is trading above all its key simple moving averages (from 5-day to 200-day), indicating bullish momentum across short- to long-term time frames. The Relative Strength Index (RSI) stands at 62.9, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 38.6, staying above both the center and signal lines, another sign supporting continued bullish sentiment.
