Shares of electronics manufacturer Kaynes Technology jumped more than 14% this week after brokerage house Nomura initiated a Buy call.
With targets of Rs 5969 and Rs 15567 per share, respectively, Nomura has initiated a Buy on Dixon Tech and Kaynes Tech and stated that it sees a favourable landscape in harnessing the market for electronics manufacturing within India as well as opportunities for export.
According to Nomura, Kaynes Tech may profit from the growing demand for electronics in the B2B space.
Stock Performance on Friday
– Open: ₹5,260.00
– High: ₹5,508.80
– Low: ₹5,141.10
