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Kaynes Tech shares fall another 5% a day after crashing 20%. What brokerages fear the most?
Kaynes Tech shares extended losses, falling another 5% after a 20% crash following weak Q4 earnings. Profit declined 22% YoY despite 26% revenue growth, which missed internal targets. Brokerages including JP Morgan, Nuvama and CLSA cut targets, citing execution concerns, margin pressure, and weak near-term visibility.
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m.economictimes.com
Timeline cronologica
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Kaynes Technology shares plunge 19%. Why JPMorgan, Nuvama downgraded the EMS stock
Kaynes Technology shares plunged after the companys Q4 results disappointed investors on multiple fronts, including a revenue guidance miss, weaker balance sheet metrics, and a…
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Kaynes Tech shares fall another 5% a day after crashing 20%. What brokerages fear the most?
Kaynes Tech shares extended losses, falling another 5% after a 20% crash following weak Q4 earnings. Profit declined 22% YoY despite 26% revenue growth, which missed internal…