Kaynes Technology shares rebounded after a drop, with analysts assessing its value and fundamentals.
Summary
Kaynes Technology shares experienced a 5% rebound after a significant 30% drop, prompting market analysis. The sell-off was triggered by a report highlighting disclosure gaps, but the company claims to have resolved the issues. Analysts, including JPMorgan, see value in the stock, citing stable fundamentals.
Key Points
- Kaynes Technology shares rebounded 5% on Tuesday.
- The stock had previously fallen 30% in four days.
- The sell-off followed a Kotak report raising concerns about disclosure gaps.
- JPMorgan assigned a fair value of Rs 4,900 to the stock.
- Analysts are assessing the company's fundamentals and working capital.
Full Article
Kaynes Technology rebounded 5% on Tuesday after a 30% drop in four days, raising the question: buy, sell, or hold? The sell-off followed a Kotak report flagging disclosure gaps, but the company says issues are resolved. Analysts see value, with JPMorgan assigning a fair value of Rs 4,900, citing stable fundamentals and improving working capital.