BOM:543664

Market Chatter: Kaynes Technology Expands Into Japan's Semiconductor Market With Local Support

Kaynes Technology India (NSE:KAYNES, BOM:543664) has stationed its sales team in Japan to seek semiconductor assembly orders from local chipmakers, including automotive semiconductor manufacturers, as the company enters the Japanese semiconductor market.Nikkei Asia reported on Wednesday that the Indian electronics manufacturer's semiconductor unit, Kaynes Semicon, is receiving support from Japanese back-end services provider Aoi Electronics in launching its product line, while Mitsui is assisting with materials procurement and customer development.The company is expected to start shipping its sample products in fiscal 2026.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

IIFL Downgrades Kaynes Technology India to Add from Buy; Price Target is INR3,835

Avendus Spark Downgrades Kaynes Technology India to Reduce from Add; Price Target is INR3,208

Jefferies Adjusts Kaynes Technology India's Price Target to INR3,970 From INR4,515, Keeps at Buy

Kaynes Technology India (NSE:KAYNES) has an average rating of hold and mean price target of 3,932.67 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Kaynes Technology India's Consolidated Profit Rises in Fiscal Q1; Shares Plummet 16%

Kaynes Technology India's (NSE:KAYNES, BOM:543664) consolidated profit fell to 912.2 million Indian rupees in the fiscal fourth quarter from 1.16 billion rupees a year ago, according to a Wednesday filing to the Indian stock exchanges by the IT solutions company.The company's shares plunged 16% in early trade on Thursday.Earnings per share in the quarter ended March 31 contracted to 13.23 rupees from 17.99 rupees a year earlier.Revenue from operations in fiscal Q4, however, increased to 12.4 billion rupees from 9.84 billion rupees a year ago.