Latest news with #KaynesTechnologyIndia
Business Standard
05-08-2025
- Business
- Business Standard
Kaynes Technology's arm inks MoU to setup greenfield projects in Tamil Nadu
Kaynes Technology India said that its wholly owned subsidiary, Kaynes Circuits India has entered into a non-binding memorandum of understanding (MoU) with Government of Tamil Nadu to establish manufacturing facilities in Tamil Nadu. Under the MoU, Kaynes Circuits India proposes to invest approximately Rs 4,995 crore over a period of 6 years for the establishment of manufacturing facilities, including greenfield projects and capacity expansions within Tamil Nadu. The MoU is intended to explore the financial incentives and industrial policies available under the Government of Tamil Nadu, as well as any structured assistance packages that may support the proposed investment through subsidies and other financial benefits. The Government of Tamil Nadu, through Guidance, has agreed to provide necessary facilitation and support, including assistance with infrastructure and regulatory clearances, in line with applicable laws and policies. Kaynes Technology India is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services. The companys consolidated net profit jumped 49.96% to Rs 74.61 crore on 33.63% increase in revenue from operations to Rs 673.46 crore in Q1 FY26 over Q1 FY25. The counter fell 1.17% to settle at Rs 6295.90 on the BSE.
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Business Standard
05-08-2025
- Business
- Business Standard
Kaynes Technology rises 3% as arm inks MoU with Tamil Nadu govt; Details
Kaynes Technology India shares rose 3.4 per cent, on Tuesday, August 5, 2025, and logged an intra-day high at ₹6,515 per share on BSE. At 11:20 AM, Kaynes Technology share price was up 2.45 per cent at ₹6,450 per share. In comparison, the BSE Sensex was 0.47 per cent lower at 80,640.29. Why were Kaynes Technology shares in demand? The buying on the counter came after company arm Kaynes Circuits India entered into a Memorandum of Understanding (MoU) with the Government of Tamil Nadu for investment promotion and facilitation. "We wish to inform you that Kaynes Circuits India Private Limited, a wholly owned subsidiary of Kaynes Technology India Limited, has entered into a non-binding Memorandum of Understanding (MoU) on 04th August 2025 with Government of Tamil Nadu for investment promotion and facilitation," the filing read. Under the MoU, Kaynes Circuits India proposed to invest approximately ₹4,995 crore over a period of six years for the establishment of manufacturing facilities, including greenfield projects and capacity expansions within Tamil Nadu. The MoU is intended to explore the financial incentives and industrial policies available under the Government of Tamil Nadu, as well as any structured assistance packages that may support the proposed investment through subsidies and other financial benefits. Kaynes Circuits India is a wholly owned subsidiary of Kaynes Technology India equipped to produce Multilayer PCBs up to 74 Layers, HDI PCBs up to 8 Layers, and Flexible PCBs, supporting critical applications across sectors such as Aerospace, Defence, Artificial Intelligence, Backplanes, Drones, Medical Devices, Telecom Infrastructure, Smartphones, Wearables, Copper Clad Laminate (CCL) manufacturing, designed to produce high-performance laminates suitable for HighFrequency, Radars, and Low Signal loss applications and other advanced electronic domains. Besides, Kaynes Technology in Q1FY26 reported a profit after tax (PAT) of ₹74.6 crore, as compared to ₹50.8 crore a year ago, marking a 47 per cent increase. Consolidated revenue surged 34 per cent year-on-year (Y-o-Y) to ₹673.5 crore during the quarter under review. The same stood at ₹504 crore during the first quarter of the last financial year.
Time of India
04-08-2025
- Business
- Time of India
Near-term strategy for stocks with high futures rollover
As the Nifty extended its losing streak to the fifth week, traders are treading cautiously with stock-specific action expected to take centre stage. Futures rollovers offer critical clues to near-term positioning with select stock contracts seeing higher-than-usual rollovers into the August series. Here's a look at key stocks showing elevated rollover activity, along with the technical outlook according to analysts. BULLISH BETS Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing PGDM Cybersecurity Data Analytics healthcare MBA Data Science Product Management Leadership Healthcare Public Policy Project Management Finance Operations Management Management Design Thinking MCA Data Science Others Technology Artificial Intelligence others CXO Degree Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Kaynes Technology India CMP: Rs 6,363 Change in Open Interest (August Series): 14.9% Change in Price (August Series): 3.1% The stock has been witnessing consistent long buildup for the past two trading sessions, signalling sustained buying interest following better-than expected first quarter results. Dhupesh Dhameja, derivatives analyst, Samco Securities, said derivatives data bolsters the bullish outlook, with noticeable unwinding of call positions at the Rs 6,200–Rs 6,300 strikes, while put writers have aggressively added positions near these levels. 'A simultaneous shift in call writing to higher strikes indicates growing trader confidence in the stock's upward trajectory,' he said. Traders may look to initiate fresh long positions around Rs 6,300–Rs 6,371, targeting an upside of Rs 7,220, he said. The bullish thesis remains intact as long as the stock stays above Rs 5,820. Jindal Stainless CMP: Rs 704.3 Change in Open Interest (August Series): -0.1% Change in Price (August Series): 1.5% Vipin Kumar, assistant vice president of derivatives and technical research at Globe Capital Market, said JSL has formed a double bottom formation near the support zone of its previous breakout levels, which also coincides with its 100- and 200-day exponential moving averages (DEMA). 'It has also breached the past couple of weeks' congestion zone on the higher side on a closing basis,' Kumar noted. The company is set to announce its first quarter results this week. Kumar recommends buying August futures in Rs 690–Rs 700 range, for target of Rs 735– Rs 760, with a stop loss at Rs 667. Jio Financial Services CMP: Rs 329.85 Change in Open Interest (August Series): 0.1% Change in Price (August Series): 0.2% Last week, the stock took support near its 50-day EMA and then witnessed a sharp rebound, said Sudeep Shah, vice-president and head of technical and derivative Research, SBI Securities. 'Currently, all the moving averages and momentum indicators are suggesting strong bullish momentum,' he added. Shah recommends accumulating the stock in the Rs 327–Rs 330 zone, with a stop loss at Rs 314. On the upside, it is likely to test Rs 350, followed by Rs 360 in the short term. BEARISH BETS Indraprastha Gas CMP: Rs 201.8 Change in Open Interest (August Series): 9.1% Change in Price (August Series): -1.6% Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services , said the stock witnessed a short buildup in open interest alongside a price decline, signalling rising bearish bets. 'Additionally, short rollovers were observed, further reinforcing the view of continued weakness in the stock,' Taparia said. He suggests selling IGL August futures for a target of Rs 192, with a stop loss at Rs 207. Dr. Reddy's Laboratories CMP: Rs 1,221.4 Change in Open Interest (August Series): 4.9% Change in Price (August Series): -3.85% Stock has moved from a phase of long unwinding in previous session to a fresh short build-up, indicating shift in sentiment, said Dhameja. 'Stock structure continues to weaken,' he said. 'Breakdown is validated by spike in volumes, surpassing average, confirming strength behind bearish move.' Traders may initiate short positions around Rs 1,220 and consider adding on pullbacks toward Rs 1,232, targeting Rs 1,145. The stop loss is placed at Rs 1,275. Exide Industries CMP: Rs 379 Change in Open Interest (August Series): -0.5% Change in Price (August Series): -1.4% Kumar said Exide is trading below both its long-term and short-term moving averages. 'At the current juncture, it is trading on the verge of a fresh breakdown from its price and trendline support,' he said. 'Going ahead, it is likely to continue its underperformance in the near term till it is trading below Rs 400 and might test Rs 362–Rs 350 levels.' Kumar suggests selling August futures in the Rs 382– Rs 385 range, with a stop loss at Rs 400. Federal Bank CMP: Rs 195.61 Change in Open Interest (August Series): 7.7% Change in Price (August Series): -3.4% Taparia said the stock saw a significant rise in open interest— nearly 8%— alongside a 5% price drop last week, indicating strong short build-up. 'The overall price action also reflects persistent weakness, suggesting that the downward trend may continue in the near term,' he said. Traders may consider selling August futures for a target of Rs 187, with a stop loss at Rs 200.
Economic Times
04-08-2025
- Business
- Economic Times
Near-term strategy for stocks with high futures rollover
As the Nifty extended its losing streak to the fifth week, traders are treading cautiously with stock-specific action expected to take centre stage. Futures rollovers offer critical clues to near-term positioning with select stock contracts seeing higher-than-usual rollovers into the August series. Here's a look at key stocks showing elevated rollover activity, along with the technical outlook according to analysts. ADVERTISEMENT BULLISH BETS Kaynes Technology India CMP: Rs 6,363 Change in Open Interest (August Series): 14.9% Change in Price (August Series): 3.1% The stock has been witnessing consistent long buildup for the past two trading sessions, signalling sustained buying interest following better-than expected first quarter results. Dhupesh Dhameja, derivatives analyst, Samco Securities, said derivatives data bolsters the bullish outlook, with noticeable unwinding of call positions at the Rs 6,200–Rs 6,300 strikes, while put writers have aggressively added positions near these levels. 'A simultaneous shift in call writing to higher strikes indicates growing trader confidence in the stock's upward trajectory,' he said. ADVERTISEMENT Traders may look to initiate fresh long positions around Rs 6,300–Rs 6,371, targeting an upside of Rs 7,220, he said. The bullish thesis remains intact as long as the stock stays above Rs 5,820. ADVERTISEMENT Jindal Stainless CMP: Rs 704.3 Change in Open Interest (August Series): -0.1% Change in Price (August Series): 1.5% Vipin Kumar, assistant vice president of derivatives and technical research at Globe Capital Market, said JSL has formed a double bottom formation near the support zone of its previous breakout levels, which also coincides with its 100- and 200-day exponential moving averages (DEMA). ADVERTISEMENT 'It has also breached the past couple of weeks' congestion zone on the higher side on a closing basis,' Kumar noted. The company is set to announce its first quarter results this week. Kumar recommends buying August futures in Rs 690–Rs 700 range, for target of Rs 735– Rs 760, with a stop loss at Rs 667. Jio Financial Services CMP: Rs 329.85 Change in Open Interest (August Series): 0.1% Change in Price (August Series): 0.2% ADVERTISEMENT Last week, the stock took support near its 50-day EMA and then witnessed a sharp rebound, said Sudeep Shah, vice-president and head of technical and derivative Research, SBI Securities. 'Currently, all the moving averages and momentum indicators are suggesting strong bullish momentum,' he added. Shah recommends accumulating the stock in the Rs 327–Rs 330 zone, with a stop loss at Rs 314. On the upside, it is likely to test Rs 350, followed by Rs 360 in the short term. BEARISH BETS Indraprastha Gas CMP: Rs 201.8 Change in Open Interest (August Series): 9.1% Change in Price (August Series): -1.6% Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services, said the stock witnessed a short buildup in open interest alongside a price decline, signalling rising bearish bets. 'Additionally, short rollovers were observed, further reinforcing the view of continued weakness in the stock,' Taparia said. He suggests selling IGL August futures for a target of Rs 192, with a stop loss at Rs 207. Dr. Reddy's Laboratories CMP: Rs 1,221.4 Change in Open Interest (August Series): 4.9% Change in Price (August Series): -3.85% Stock has moved from a phase of long unwinding in previous session to a fresh short build-up, indicating shift in sentiment, said Dhameja. 'Stock structure continues to weaken,' he said. 'Breakdown is validated by spike in volumes, surpassing average, confirming strength behind bearish move.' Traders may initiate short positions around Rs 1,220 and consider adding on pullbacks toward Rs 1,232, targeting Rs 1,145. The stop loss is placed at Rs 1,275. Exide Industries CMP: Rs 379 Change in Open Interest (August Series): -0.5% Change in Price (August Series): -1.4% Kumar said Exide is trading below both its long-term and short-term moving averages. 'At the current juncture, it is trading on the verge of a fresh breakdown from its price and trendline support,' he said. 'Going ahead, it is likely to continue its underperformance in the near term till it is trading below Rs 400 and might test Rs 362–Rs 350 levels.' Kumar suggests selling August futures in the Rs 382– Rs 385 range, with a stop loss at Rs 400. Federal Bank CMP: Rs 195.61 Change in Open Interest (August Series): 7.7% Change in Price (August Series): -3.4% Taparia said the stock saw a significant rise in open interest— nearly 8%— alongside a 5% price drop last week, indicating strong short build-up. 'The overall price action also reflects persistent weakness, suggesting that the downward trend may continue in the near term,' he said. Traders may consider selling August futures for a target of Rs 187, with a stop loss at Rs 200. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
31-07-2025
- Business
- Business Standard
Kaynes Tech rallies after Q1 PAT climbs 50% YoY to Rs 75 cr
Kaynes Technology India gained 3.36% to Rs 5,826.90 after the company's consolidated net profit jumped 49.96% to Rs 74.61 crore on 33.63% increase in revenue from operations to Rs 673.46 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) jumped 49.87% YoY to Rs 96.08 crore in Q1 FY26. EBITDA stood at Rs 1,130 crore in Q1 June 2025, registering the growth of 69% compared with Rs 669 crore posted in same quarter last year. EBITDA margin expanded by 350 bps to 16.8% in Q1 FY26 as against 13.3% in Q1 FY25. The orderbook jumped 46.89% to Rs 7,401.1 crore as of June 30, 2025, compared with Rs 5,038.6 crore as of June 30, 2024. Ramesh Kunhikannan, managing director & promoter, Kaynes Technology India said: Our revenues stood at Rs 673.5 crore for the quarter ended June 30, 2025, as against Rs 504.0 crore for the quarter ended June 30, 2024, establishing a growth of 34%. Our orderbook stood at Rs 7,401.1 crore as of June 30, 2025, providing strong revenue visibility for FY26 and beyond, giving us confidence to sustain the growth momentum. Our EBITDA margins for Q1 FY26 grew to 16.8% and the PAT margins improved to 11.1%. Our consistent focus on complex, high-margin verticals such as industrial & EV, aerospace, smart infrastructure, etc - has helped sustain profitable growth. Further, we remain committed to expanding our capabilities and geographic reach through strategic investments in emerging & high potential verticals, ODM segment and strategic electronics (including SpaceTech, aerospace & avionics) that are aligned with our long-term goal of creating a diversified, resilient, future-ready and a truly global enterprise. The recent acquisition of August Electronics in Canada not only adds manufacturing capacity and capabilities in North America but also brings strong customer relationships in key high-value segments. This positions us to offer a compelling IndiaCanada supply chain alternative for global clients, especially those looking to diversify from China. Kaynes Technology India is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services.
