Kaynes Tech Hits Fresh 52-Week Low Before Recovering on Day 2 of Sell-Off
Kaynes Technology India Limited hit a fresh 52-week low of Rs 3,184.20 on the NSE on 15 May before recovering to a day’s high of Rs 3,430.90, as the stock attempted to stabilise following a 20% crash the previous session. The sell-off began after the company reported a sharp drop... The post Kaynes Tech Hits Fresh 52-Week Low Before Recovering on Day 2 of Sell-Off appeared first on Equitypandit.
Kaynes Technology India Limited hit a fresh 52-week low of Rs 3,184.20 on the NSE on 15 May before recovering to a day’s high of Rs 3,430.90, as the stock attempted to stabilise following a 20% crash the previous session. The sell-off began after the company reported a sharp drop in quarterly profit alongside a miss on its own revenue guidance.
The numbers from Q4 FY26 told a difficult story. Revenue for the March quarter grew 26.2% year-on-year to Rs 1,242.6 crore, solid on the top line. But net profit fell 21.5% to Rs 91.2 crore, undercut by a surge in costs.
Finance costs doubled to Rs 41 crore during the quarter, and depreciation surged sharply as new capacity came online.
EBITDA rose 15.4% to Rs 193.6 crore, but operating margins contracted by roughly 150 basis points to 15.6%, a squeeze that investors found hard to look past.
Kaynes had already revised its FY26 revenue guidance lower earlier in the year, yet still fell short of even that reduced target. Management did not provide any near-term outlook during the earnings call.
The order book crossed Rs 8,000 crore as of 31 March 2026, pointing to a healthy pipeline of future work. The company makes electronics and printed circuit boards for sectors including defence, aerospace and industrial applications.
The stock has had a turbulent journey. After listing in November 2022, shares climbed to a peak near Rs 7,822 in January 2025. Since then, the stock has dropped roughly 57% from that high.
At 10:45 on 15 May, shares were trading at Rs 3,382.10 on the NSE, up 1.37% on the day. The stock’s 52-week high stands at Rs 7,705 and its 52-week low of Rs 3,184.20 was set earlier today.
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The post Kaynes Tech Hits Fresh 52-Week Low Before Recovering on Day 2 of Sell-Off appeared first on Equitypandit.
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