Kaynes Technology shares plunge 10% as Q4 guidance misses shock investors

Two major brokerages cut ratings after revenue and profit slump

Kaynes Technology shares slid nearly 10% after its Q4 results failed to meet expectations. Investors reacted to a revenue guidance miss, deteriorating balance sheet metrics, and a sharp fall in profit. The stock dropped to about Rs 3,760 on the BSE as brokerages—including JPMorgan and Nuvama—turned cautious following the earnings report.