Buy Kaynes Technology India, target price Rs 6000: Motilal Oswal

Motilal Oswal has buy call on Kaynes Technology India Ltd. with a target price of Rs 6000. The current market price of Kaynes Technology India is Rs 5062.4.

Kaynes Technology India Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 32309.63 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-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 532.28 Crore, down -20.16 % from last quarter Total Income of Rs 666.72 Crore and up 74.35 % from last year same quarter Total Income of Rs 305.30 Crore. Company reported net profit after tax of Rs 50.78 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 57.83 per cent stake in the company as of 30-Jun-2024, while FIIs owned 14.27 per cent, DIIs 17.86 per cent.