{"id":18810,"date":"2025-12-09T14:38:24","date_gmt":"2025-12-09T09:08:24","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=18810"},"modified":"2025-12-09T14:38:24","modified_gmt":"2025-12-09T09:08:24","slug":"macquaries-bullish-call-sends-kaynes-tech-soaring-10-after-a-four-day-slide","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/macquaries-bullish-call-sends-kaynes-tech-soaring-10-after-a-four-day-slide\/","title":{"rendered":"Macquarie\u2019s Bullish Call Sends Kaynes Tech Soaring 10% After a Four-Day Slide"},"content":{"rendered":"

Kaynes Tech Rebounds 10% After Sharp Selloff as Global Brokerages See Big Upside Potential<\/p>\n

Shares of Kaynes Technology India Ltd staged a powerful comeback on December 9, rising nearly 10% and ending a four-day losing streak that had wiped out significant market value. The rebound came after positive commentary from top global brokerages, which helped restore some confidence in the electronics manufacturing services (EMS) company following a steep and rapid decline.<\/p>\n

A Narrative of Recovery After a 30% Slide in Four Sessions<\/h2>\n

The Kaynes Tech share price, which had slipped almost 30% over the previous four sessions, was seen trading at \u20b94,174.50 on Tuesday. The sudden and sharp selloff created deep anxiety among investors, especially as concerns emerged over disclosures and accounting inconsistencies flagged by institutional analysts.<\/p>\n

However, renewed optimism from brokerages such as Macquarie, JPMorgan, and Elara Securities lifted sentiment, pushing the stock into positive territory after a turbulent week.<\/p>\n

Also Read : India\u2019s Quick Commerce Boom Faces a Reality Check, Says Blinkit CEO<\/a><\/p>\n

Macquarie Projects a 102% Upside, Maintains \u2018Outperform\u2019 Rating<\/h2>\n

In one of the strongest endorsements yet, Macquarie maintained its Outperform rating on Kaynes Tech and set a \u20b97,700 price target, implying a massive 102% upside from the previous close of \u20b93,807.<\/p>\n

The brokerage acknowledged that Kaynes Tech admitted to disclosure shortfalls during its analyst call, an issue that had triggered doubts among investors. Macquarie noted that while the clarification \u201csounded reasonable,\u201d the evolving situation had \u201cmuddied the waters\u201d and warranted close monitoring.<\/p>\n

Despite the temporary uncertainty, Macquarie remains confident in the company\u2019s strategic roadmap. Its note highlighted Kaynes\u2019 aggressive plans for higher value addition, global expansion, and backward integration, arguing that these initiatives position the company strongly in India\u2019s fast-growing ESDM (Electronics System Design and Manufacturing) sector.<\/p>\n

JPMorgan Calls Kaynes Tech the \u2018Cheapest in Coverage\u2019 After Selloff<\/h2>\n

Following the steep correction, JPMorgan described Kaynes Technology as the \u201ccheapest stock\u201d in its sector coverage. The global brokerage reiterated its Overweight rating, even though it had recently urged investors not to rush into bottom-fishing until a clearer catalyst emerged\u2014likely the company\u2019s Q3 FY25 results.<\/p>\n

The contrasting tones in JPMorgan\u2019s commentaries underscore the complexity facing investors: while the valuation has become more attractive, near-term uncertainties remain tied to disclosures and financial clarity.<\/p>\n

Kotak Flags Accounting Mismatches; Kaynes Issues Clarification<\/h2>\n

The recent volatility was triggered largely by Kotak Institutional Equities\u2019 note on December 3, which pointed to several mismatches between disclosures from Kaynes Technology, Kaynes Electronics Manufacturing, and the company\u2019s subsidiary Iskraemeco for FY25.<\/p>\n

Among Kotak\u2019s key observations:<\/p>\n