Copyright © HT Digital Streams Limit all rights reserved. Kaynes Technology Stock is now only 3% below its 52 -week peak of £ 7,822 after achieving about 22% over the past month. Summary investor optimism increases as Kaynes becomes an integrated electronic player with the upcoming OSAT and PCB plants, supported by government subsidies. Shares of Kaynes Technology India Ltd have climbed around 5% over the past two days after the appointment of Muthukumar Narayanaswamy as managing director Wednesday. The move comes amid a broader reform of top management after Rajesh Sharma, CEO, resigned last week. Investors rejoice. The share is now only 3% below its 52 -week peak of £ 7,822 after achieving about 22% over the past month, which was continued by the optimism about the expected commissioning of its outsourced semiconductor meeting and testing (OSAT) facility in early October, a year after receiving all approvals. The facility, together with the PCB plant (Pripted Circuit Board), would help Kaynes become an integrated electronic player from an Electronics Manufacturing Services (EMS) supplier. Kaynes secured customers for 100% of the OSAT unit’s production. The £ 3,300 crore “> Sanand, Gujarat facility, set up with an investment of £ 3,300 crore, is projected to generate £ 650 crore in turnover by FY27 and scale to £ 3,000 with FY30. Expected to reduce India’s dependence on imported PCBs. Complete.
Kaynes Tech’s Growth Game: Electronics and Osat Ambitions with a high margin
