Kaynes Technology shares fell sharply due to financial disclosure concerns highlighted by Kotak Equities.
Summary
Kaynes Technology shares experienced a significant 19% drop over three days due to investor concerns raised by Kotak Equities' report. The report highlighted inconsistencies in financial disclosures, including missing transactions and rising liabilities. This situation is relevant for understanding market dynamics and financial reporting.
Key Points
- Kaynes Technology shares fell approximately 19% in three days.
- The decline was triggered by a report from Kotak Equities.
- The report pointed out inconsistencies in financial disclosures.
- Key issues included missing inter-company transactions and rising contingent liabilities.
Full Article
Kaynes Technology shares continued their three-day decline, falling nearly 19% as investor concerns escalated following Kotak Equities’ report highlighting major inconsistencies in financial and related-party disclosures. Missing inter-company transactions, rising contingent liabilities, and accounting issues deepened the pressure.