Kaynes Technology Share Price Plunges 19% After Revised FY25 Guidance
2025-01-28
MSN
Kaynes Technology's share price has taken a significant hit, dropping over 19% after the company revised its FY25 revenue guidance from ₹3,000 crore to ₹2,800 crore. Despite experiencing execution delays, the company reported a 47% increase in profit for Q3 FY25, driven by strong demand in the technology sector. The revised guidance has sparked concern among investors, impacting the company's stock performance. Key factors such as revenue growth and financial performance will be closely watched in the coming quarters. With the Indian technology industry expected to continue growing, Kaynes Technology will need to adapt to changing market conditions.
