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Jefferies raises Kaynes Technology price target on growth outlook

market hours1 source ↓written by the desknot a recommendation

₹7,780
₹7,600
Despite
100% YoY profit increase
remains stretched
116 days

Jefferies increased its price target on Kaynes Technology to ₹7,780 from ₹7,600, maintaining a Buy rating. The firm anticipates annual sales of ₹35 billion by fiscal year 2030, driven by OSAT production ramp-up and investments in PCB manufacturing. Despite a 100% YoY profit increase, working capital remains stretched at 116 days.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 6 Nov 2025, 13:05 IST.

Sourcesnews.google.com

The market after the news

KAYNES closed −4.5% on the day of the news, from ₹6,658.50 to ₹6,358.50; Nifty −0.3% over the same session; futures OI +37.6%.

Bulletin at 13:05 IST on 6 Nov 2025. Every change is measured from ₹6,658.50, the last close before it, on 4 Nov. Nifty 50 is measured over the same sessions.

  • KAYNES close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
KAYNES closes around the bulletin against the close before the news, with Nifty 50 rebased to it548966597828axis spans 43%before the news · 4 Nov6659Nifty 50KAYNESbulletinD0+1+3+529 Oct11 Nov20 NovFutures open interest, lotspeak 24,000Reference close ₹6,658.50. 16 sessions from 29 Oct to 20 Nov; the price axis spans 43 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before4 Nov₹6,658.50basebase
On the day6 Nov₹6,358.50▼ −4.5%▼ −0.3%−4.2 pp difference
+1 session7 Nov₹6,225.00▼ −6.5%▼ −0.4%−6.1 pp difference
+3 sessions11 Nov₹6,455.50▼ −3.0%▲ +0.4%−3.4 pp difference
+5 sessions13 Nov₹6,376.50▼ −4.2%▲ +1.1%−5.3 pp difference
Gap at the open, % · ₹
▲ +3.5%+231.72 on 6 Nov
Day's range, % · ₹
8.8%≈ 590 high to low
Volume on the day
3.25×the 20-session average
Futures OI on the day
▲ +37.6%+4,400 lots · short build-up · price −4.5%
Futures OI open, lots
16,0006 Nov · 25 Nov expiry
Futures premium, ₹
−49.00−0.8% to spot
Puts per call, by OI
0.32from 0.53 the session before
Max pain
6,600from 6,800 the session before

Source NSE UDiFF bhavcopy · KAYNES on the desk →

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