Kaynes Technology India Ltd witnessed a sharp decline in Tuesday’s trading session, with the stock closing at ₹4,971.50, down ₹335.50 or 6.32% from the previous close of ₹5,307.00.
The stock opened at ₹5,307.00, but heavy selling pressure emerged soon after the opening bell. Kaynes hit an intraday low of ₹4,941.00, while the day’s high remained at the opening level.
The company’s market capitalisation now stands at ₹31,990 crore. Kaynes currently trades at a P/E ratio of 124.60, reflecting continued premium valuations despite today’s correction. Its 52-week range spans from ₹3,825.15 to ₹7,822.00.
The decline comes amid a weak broader market sentiment, with investors turning cautious ahead of key global cues. No company-specific announcements were cited as immediate triggers for the fall.
