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ITManufacturingPre-market

Jefferies raises Kaynes Technology price target on growth outlook

pre-market1 source ↓written by the desknot a recommendation

₹7,780
₹7,600
year-over-year
100% profit increase
remains stretched
116 days

Jefferies has raised its price target on Kaynes Technology India 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% profit increase year-over-year, working capital remains stretched at 116 days.

This adjustment reflects confidence in Kaynes' growth trajectory, which may enhance investor sentiment in the semiconductor sector.

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 7 Nov 2025, 07:14 IST.

Sourcesnews.google.com

The market after the news

KAYNES closed −2.1% on the day of the news, from ₹6,358.50 to ₹6,225.00; Nifty −0.1% over the same session; futures OI +0.8%.

Bulletin at 07:14 IST on 7 Nov 2025. Every change is measured from ₹6,358.50, the last close before it, on 6 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 it524263597475axis spans 43%before the news · 6 Nov6359Nifty 50KAYNESbulletinD0+1+3+530 Oct12 Nov21 NovFutures open interest, lotspeak 24,000Reference close ₹6,358.50. 16 sessions from 30 Oct to 21 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 %
Before6 Nov₹6,358.50basebase
On the day7 Nov₹6,225.00▼ −2.1%▼ −0.1%−2.0 pp difference
+1 session10 Nov₹6,482.00▲ +1.9%▲ +0.3%+1.7 pp difference
+3 sessions12 Nov₹6,433.50▲ +1.2%▲ +1.4%−0.3 pp difference
+5 sessions14 Nov₹6,332.00▼ −0.4%▲ +1.6%−2.0 pp difference
Gap at the open, % · ₹
▼ −0.8%−54.05 on 7 Nov
Day's range, % · ₹
2.4%≈ 150 high to low
Volume on the day
1.17×the 20-session average
Futures OI on the day
▲ +0.8%+130 lots · short build-up · price −2.1%
Futures OI open, lots
16,0007 Nov · 25 Nov expiry
Futures premium, ₹
+5.00+0.1% to spot
Puts per call, by OI
0.34from 0.32 the session before
Max pain
6,500from 6,600 the session before

Source NSE UDiFF bhavcopy · KAYNES on the desk →

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