Kaynes Technology shares plunge 10%. Why JPMorgan, Nuvama downgraded the EMS stock
Kaynes Technology shares plunged after the companys Q4 results disappointed investors on multiple fronts, including a revenue guidance miss, weaker balance sheet metrics, and a sharp drop in profit. The stock fell to Rs 3,760.10 on the BSE as brokerages turned cautious following the earnings report.
Kaynes Technology shares plunged after the companys Q4 results disappointed investors on multiple fronts, including a revenue guidance miss, weaker balance sheet metrics, and a sharp drop in profit. The stock fell to Rs 3,760.10 on the BSE as brokerages turned cautious following the earnings report.
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