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Kaynes Technology Shares May Rally 30%, Says Motilal Oswal After Healthy Q1 Performance — Check New Target Price

Kaynes revenue jumped 41% YoY in Q1, core EMS business grew 48%, and Motilal Oswal sees OSAT and PCB ventures emerging as key growth drivers while retaining a Buy rating.

Kaynes Technology Shares May Rally 30%, Says Motilal Oswal After Healthy Q1 Performance — Check New Target Price
Kaynes reported a healthy operating performance in Q1 FY27 with growth across all segments.
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Kaynes Technology India Ltd
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NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Kaynes Technology Ltd. shares could remain in focus after Motilal Oswal reiterated its 'Buy' rating on the electronics manufacturing services company and maintained a target price of Rs 5,000, implying a potential upside of about 30% from the current market price of Rs 3,856.

Kaynes reported a healthy operating performance in Q1 FY27 with growth across all segments. With a robust order book as of Jun'26 (Rs 890 crore, up 20%), the company is likely to sustain strong revenue growth momentum going forward.

Going forward, Kaynes' growth will be driven by continued scaling of its core EMS business, with growth across all verticals. OSAT and PCB are expected to emerge as key growth engines, with commercialisation targeted from Q3/Q4 FY27.

ALSO READ:  Godrej Consumer Q1 Review: HDFC Securities Stays Bullish, Sees Raw Material Stability As Key — Check Target Price

The company's expansion into space and defense electronics should further diversify its growth profile

Click on the attachment to read the full report:

Mosl Kaynes Q1 Review.pdf
VIEW DOCUMENT

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