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Kaynes Technology shares crash 20% as guidance miss triggers downgrades and working capital worries
Economy
Published on 15 May 2026
Brokerages call it a true show me stock now
Kaynes Technology shares plunged about 20% to ₹3,339.25 after weaker-than-expected March-quarter earnings and a revenue guidance miss prompted multiple analyst downgrades. Brokerages flagged execution delays, stretched working capital and continued cash burn as key reasons investor sentiment is cooling. JP Morgan kept expectations for a strong 40%/45% revenue and earnings CAGR through FY26-28E, but downgraded the stock to Neutral and cut its price target sharply. The sell-off follows a massive 950% post-listing surge, then a 57% drop.
- Kaynes Technology shares fell 20% to ₹3,339.25
- March-quarter earnings disappointed and revenue guidance was missed
- Analysts downgraded the stock on execution and delivery concerns
- Stretched working capital and cash burn hurt investor sentiment
- JP Morgan cut target to ₹4,000 from ₹6,000 and set Neutral
- Stock rose about 950% after listing in Nov 2022, then fell nearly 57%
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times