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Explained: Why analysts raised Kaynes Tech stock target post Q1 results?

Kaynes Tech shares rose as much as 5 per cent in the intraday trade on Friday, hitting a high of ₹6,483 per share

The stock of the second-largest electronic manufacturing services (EMS) player by market capitalisation, Kaynes Technology India, is up 10 per cent from its monthly lows. This was on better than expected June quarter performance, strong order flows a
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Kaynes Tech Q1 revenue came in at ₹670 crore, up 34 per cent Y-o-Y. (Representative Picture)

Nikita Vashisht New Delhi
Kaynes Technology shares were in demand on the BSE on Friday as the company’s solid quarterly earnings for the June quarter attracted investors towards the EMS player.
 
Analysts, on their part, too, raised their share price target on the stock, seeing an upside of up to 40 per cent over the next one year.

Kaynes Tech share price today

Kaynes Tech shares rose as much as 5 per cent on the stock exchange in the intraday trade on Friday, hitting a high of ₹6,483 per share. On the National Stock Exchange (NSE), the stock