Nomura has maintained its buy rating on Kaynes Technology, raising the target price to ₹7,878 per share. The stock was trading at ₹6,202.00 at the time of the report, indicating a potential upside based on the firm’s positive outlook.
The brokerage cited strong growth visibility, supported by a robust order book and expansion into new segments and geographies. In addition, Q1 EBITDA came in ahead of estimates, reinforcing confidence in the company’s operational performance.
Nomura expects the company’s momentum to continue, backed by its diversified growth strategy and steady execution across verticals.
Disclaimer: This article is based on Nomura’s stock research report. The views and target price mentioned are theirs. This does not constitute a recommendation to buy or sell any stock. Please consult a registered financial advisor before making any investment decisions.
