Buy Kaynes Technology India, target price Rs 3680: Motilal Oswal

Motilal Oswal has buy call on Kaynes Technology India with a target price of Rs 3680. The current market price of Kaynes Technology India is Rs 3169.9.

Kaynes Technology India Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 19965.77 Crore) operating in General sector.

Kaynes Technology India Ltd. key Products/Revenue Segments include Electrical Consumer Durables and Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 666.72 Crore, up 28.53 % from last quarter Total Income of Rs 518.72 Crore and up .56 % from last year same quarter Total Income of Rs 663.02 Crore. Company reported net profit after tax of Rs 81.26 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 57.83 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.19 per cent, DIIs 18.33 per cent.