Rs 41,152 million order book and FIIs increase stake: Heavy buying witnessed in this multibagger semiconductor stock; gains over 250 per cent!

Shares of the company gained more than 15 per cent in the last six months.

Kaynes Technology India Limited has posted strong Quarterly Results in Q4FY24. The shares of the company gained more than 12 per cent on Friday. The revenue of the company stood at Rs 637.30 crore which grew by 74.8 per cent YoY. The operating profit of the company stood at Rs 124.65 crore which grew by 86.67 per cent on a YoY basis, while the PAT of the company stood at Rs 81.26 crore, which increased by 96.84 per cent on a YoY basis.

Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, Internet of Things ("IoT"), Information Technology ("IT") and other segments. FIIs have increased their stake in the company in March 2024. The company has an order book of Rs 41,152 million.

The company enjoys established relationships with reputed customers across industries. It caters to a diverse client base spread across multiple sectors, ranging from industrial, automotives and railways, to medical, aerospace and defence, etc. The shares of Kaynes Technology have also delivered multibagger returns to its shareholders, with an increase of about 250 per cent.

The stock has shown impressive growth, and investors should keep a close eye on this stock.  

Disclaimer: The article is for informational purposes only and not investment advice.