Kaynes Tech shares rebound 4% in relief rally after 40% crash in 1 month. What’s fuelling the rise today?

Kaynes Technology India shares saw a rebound on Thursday after a sharp decline. Analysts at Nomura and Morgan Stanley maintain positive ratings, citing potential for growth and improved disclosures. The company faced scrutiny over accounting practices in its smart meters segment. Despite past challenges, future catalysts include working capital improvements and new business lines.

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