Kaynes Technology saw its shares climb nearly 3% in Friday’s trade after global brokerage Nomura reaffirmed its bullish stance on the company. The firm maintained its buy rating while hiking the target price to ₹7,878 per share, indicating a strong upside from the stock’s last traded price of ₹6,202.00.
Nomura’s revised outlook reflects growing confidence in Kaynes Technology’s growth trajectory. The brokerage highlighted the company’s strong order book and expanding presence across new geographies and business segments as key positives. This, coupled with a better-than-expected EBITDA performance in the first quarter, has reinforced faith in the company’s operational strength.
The stock opened at ₹6,202.50 and touched a high of ₹6,396.00 during the session, moving closer to its 52-week peak of ₹7,822.00. With a 52-week low of ₹3,825.15, the current momentum suggests improving investor sentiment, backed by consistent execution and a clear growth roadmap.
Nomura believes the company’s diversified business model and disciplined execution will continue to support its upward momentum. The latest target revision suggests the brokerage expects further re-rating in the stock, provided current performance trends hold.
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