BofA Securities enters Kaynes Applied sciences by way of Rs 42 crore block deal; inventory down 48% in six months
BofA Securities purchased these shares by its affiliate BofA Securities Europe SA. Sellers Kadensa and Bluepearl offloaded 46,934 and 69,148 shares, respectively.
Kaynes Applied sciences shares right this moment ended with cuts of 0.70% or Rs 26.25 to settle at Rs 3,698.25 on the BSE.
Kaynes Expertise India is a number one end-to-end and IoT solutions-enabled built-in electronics producer in India. It affords capabilities throughout your complete spectrum of ESDM companies. The corporate offers conceptual design, course of engineering, built-in manufacturing and life cycle help for main gamers within the automotive, industrial, aerospace & defence and railways.
Kaynes Applied sciences share worth efficiency
Kaynes Applied sciences has been a market laggard, sliding 14% over a one-year interval, underperforming the benchmarks Nifty and the BSE Sensex, whose returns in the identical interval are roughly 5% and three%, respectively.
The inventory has been on the receiving finish of traders’ ire, declining 48% within the final six months. In 2026, to this point, it has slipped practically 6%.
The inventory is at present buying and selling beneath its 50-day and 200-day easy shifting averages (SMAs) of Rs 3,751 and Rs 5,473, respectively, in response to Trendlyne knowledge.
The corporate reported a 15% year-on-year consolidated web revenue progress at Rs 77 crore within the December-ended quarter which is a 15.3% YoY progress. Within the yr in the past interval, its revenue after tax (PAT) stood at Rs 67 crore. In the meantime, the entire income within the quarter beneath overview stood at Rs 849 crore, up 24% versus Rs 686 crore in Q3FY25.
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