Kotak maintains reduce on Kaynes Technology, cuts EPS estimates
pre-market1 source ↓written by the desknot a recommendation
- target price
- ₹6,180
- from the current
- 7%
- current price
- ₹5,770
- revenue by FY26
- ₹4,500 crore
- in capital expenditures
- ₹8,500 crore
Kotak Institutional Equities has maintained a reduce call on Kaynes Technology with a target price of ₹6,180, reflecting a limited upside of 7% from the current price of ₹5,770. The brokerage has trimmed its EPS estimates by 2-5% due to capex delays and lower subsidies.
Despite a weak H1 FY26, the company aims for ₹4,500 crore revenue by FY26 and plans to invest ₹8,500 crore in capital expenditures across its OSAT, PCB, and EMS segments. Immediate market implications may include cautious sentiment among investors.
Not investment advice. For informational purposes only.