Why is Kaynes Tech falling/rising?
As of 09-Oct, Kaynes Technology India Ltd's stock price is declining at 7,101.00, down 1.25%, with a total decline of 6.48% over the last two days. Despite this short-term downturn, the company has strong long-term growth, with significant annual increases in net sales and operating profit, and a 31.70% return over the past year.
As of 09-Oct, Kaynes Technology India Ltd is experiencing a decline in its stock price, currently at 7,101.00, which reflects a decrease of 89.85 or 1.25%. The stock has underperformed its sector by 0.86% today and has been on a downward trend for the last two days, resulting in a total decline of 6.48% during this period. Despite this recent downturn, the company has shown strong long-term growth, with net sales increasing at an annual rate of 53.69% and operating profit at 56.88%. The stock has generated a remarkable 31.70% return over the past year, significantly outperforming the broader market, which has only seen a 0.87% increase.In the broader market context, the stock's recent performance contrasts with the Sensex, which has risen by 1.47% over the past week and 1.32% over the past month. While Kaynes Technology has a solid market position, being the largest company in its sector with a market cap of Rs 48,204 crore, the recent price movement indicates a struggle to maintain momentum in the face of broader market gains. The stock's liquidity remains adequate, with a delivery volume increase of 90.67% against the five-day average, suggesting that investor interest is present, but the recent consecutive falls may be causing caution among investors.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
