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    Kaynes' strength in mainstays to keep its stock at a premium

    The premium over the long-term average valuation reflects the expectation of a sustained growth momentum for Kaynes Technology.

    Synopsis

    Mysuru-based Kaynes Technology's revenue grew by 75% year-on-year to ₹637 crore in the March quarter which helped the full-year revenue to grow by 60% to ₹1,804 crore.

    ET Intelligence Group: The stock of Kaynes Technology India, an electronics manufacturing company, has gained 26% in the past two trading sessions boosted by robust revenue growth in the March quarter and an upbeat margin outlook. The printed circuit board assembly (PCBA) supplier to leading automakers and healthcare companies has guided for revenue growth of 60%, which was 10-15% above analysts' expectations, and a margin expansion of 100 basis
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    The Economic Times