Kaynes Share Price Today, January 28: Kaynes Technology Shares Plunge 16.48% After Revised Revenue Projections
Shares of Kaynes Technology (NSE: KAYNES) plunged 16.48 per cent during early trade on January 28, opening at INR 4,851, down from its previous close of INR 5,268.05.
Shares of Kaynes Technology (NSE: KAYNES) plunged 16.48 per cent during early trade on January 28, opening at INR 4,851, down from its previous close of INR 5,268.05. The stock fell further to INR 4,400, marking a decline of INR 868.05. This significant drop followed the company's announcement of a revised FY25 revenue projection, lowering it to INR 2,800 crore from the earlier estimate of INR 3,000 crore. Despite this, the company reported a strong 47 per cent year-on-year (YoY) growth in profit after tax (PAT), reaching INR 66.5 crore for Q3 FY25. Additionally, the company posted a 30 per cent YoY increase in quarterly revenue, totalling INR 661.2 crore. Stocks To Buy or Sell Today, January 28, 2025: ITC, Tata Power, and Coal India Among Shares That May Remain in Spotlight on Tuesday.
Kaynes Share Price Today, January 28:
(The above story first appeared on LatestLY on Jan 28, 2025 09:57 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
