Kaynes Technology India Ltd News
Kaynes Technology gains 7% after Q2FY25 results; PAT up 86%, rev up 59%
Kaynes Technology India's total income increased 63.7 per cent to Rs 605.66 crore in the quarter under review as compared to Rs 369.8 crore
 "Kaynes Technology gains 7% after Q2FY25 results; PAT up 86%, rev up 59%")
This stock has zoomed 900% over its issue price in less than 2 years
Kaynes Technology share price hit a record high of Rs 5,876.60, up 3% on the BSE in Tuesday's intraday trade. Kaynes shares have zoomed 125% in the past five months on a healthy business outlook
 "This stock has zoomed 900% over its issue price in less than 2 years")
Kaynes Tech rallies 8% on govt approval for semiconductor unit in Gujarat
The proposed unit, with a production capacity of six million chips per day, will be setup with an investment of Rs 3,300 crore.
 "Kaynes Tech rallies 8% on govt approval for semiconductor unit in Gujarat")
Govt approves Kaynes' Rs 3,307 cr semiconductor unit at Gujarat's Sanand
The government on Monday approved a proposal of Kaynes to set up a semiconductor unit in Sanand, Gujarat with 6.3 million chips per day capacity, entailing an investment of Rs 3,307 crore. Announcing the decisions of the Union Cabinet, IT Minister Ashwini Vaishnaw noted that a complete semiconductor ecosystem is coming up in India. "Today, the Cabinet has approved Kaynes' plant, with a capacity of 6.3 million chips per day. The plant will come up in 46 acres, it is a big plant and large portion of the production will go for Kaynes Industries, it has already been booked," the minister said. The plant will also cater to chips related to the power sector. The company has already acquired land in Sanand, Gujarat for the project, and construction will start soon. The proposed investment for the unit is about Rs 3,307 crore. "Power related chips..chips used in automobiles and home appliances, will also be produced in this plant," Vaishnaw said.
 "Govt approves Kaynes' Rs 3,307 cr semiconductor unit at Gujarat's Sanand")
Kaynes Technology shares surge on new manufacturing facility launch
Kaynes Technology stock price surged as much as 2.86 per cent at Rs 5165.80 per share on the BSE in Friday's intraday trade
 "Kaynes Technology shares surge on new manufacturing facility launch")
Strong order flows and margins to drive gains for Kaynes Technology
JM Financial Research expects the company to maintain its growth momentum due to a strong product mix and focus on adding high-margin segments
