Kaynes Tech Stock Plunges 250 Rupees in 15 Mins, Wipes Out ₹1000 Cr; Experts Advise Caution
Share Market
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CNBC Awaaz•06-01-2026, 14:34
Kaynes Tech Stock Plunges 250 Rupees in 15 Mins, Wipes Out ₹1000 Cr; Experts Advise Caution
- •Kaynes Technology India Ltd stock plummeted ₹250 in just 15 minutes at 2 PM, erasing ₹1000 crore from its market value.
- •The stock has lost over half its value from its peak of ₹7,822, now trading around ₹3,700, with weakness persisting since October 2025.
- •FIIs have continuously sold shares, reducing their stake from 14.91% to 10.71%, while DIIs increased their holding from 16.08% to 23.66%.
- •Market expert Manas Jaiswal advises against new purchases due to margin pressure, suggesting exiting on any rally.
- •Jefferies maintained a "Buy" rating but cut the target price to ₹5,940, indicating long-term confidence but revised growth expectations.
Why It Matters: Kaynes Tech faces sharp decline and expert caution despite long-term confidence from some analysts.
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