business 📈 Kaynes Tech stock bounces back after Q1 results drop 📉
Kaynes Technology India Ltd. shares initially dipped as investors awaited the June quarter results released last Friday. The company reported revenue of ₹946 crore, showing 40% year-over-year growth across its segments. Key business areas like Aerospace grew by 181%, while the order book reached ₹8,900 crore. Management anticipates FY2027 will be tough but expects profitability to normalize soon. Motilal Oswal maintains a 'buy' rating with a target of ₹5,000 for the stock.