Kaynes Technology India's Strong Order Inflows Keep Growth Visibility High -- Market Talk

Dow Jones
Nov 06

0536 GMT - Kaynes Technology India's strong order inflows keep growth visibility high, Nomura analysts say, noting its order book rose 49% on year to 81 billion rupees in 2Q FY 2026. The healthy order book and demand tailwinds across industries including automobiles and railways should drive a stronger 2H FY 2026 for the company, the analysts say in a research report. With substantial investments directed toward printed circuit boards and outsourced semiconductor assembly and testing, subsidy approvals obtained, and clients in place, the company is also well-positioned to capitalize on strong growth in the smart meter segment. Nomura raises the stock's target price to INR8,478.00 from INR7,878.00 with an unchanged buy rating. Shares are 2.1% lower at INR6,504.00. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

November 06, 2025 00:36 ET (05:36 GMT)

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