Brokerages turn cautious after Kaynes’ weak Q4 performance

May 15, 2026

Kaynes Technology shares saw a sharp 20% fall. This followed a disappointing March quarter earnings report and missed revenue forecasts. Analysts have downgraded the stock. Concerns about execution delays and working capital are impacting investor sentiment. The company’s stock had previously surged significantly since its listing.

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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