These actions can help Kaynes Tech win back investor trust.
KAYNES To rebuild investor trust, Kaynes Technology Ltd. will need to demonstrate robust cash flow, organic growth, cash subsidy booking, and a change of auditors. In a letter dated Tuesday, December 9, brokerage company Macquarie stated
With a price objective of ₹7,700 per share, Macquarie has kept its "outperform" rating on Kaynes Tech, suggesting a possible 100% increase from Monday's closing levels. Macquarie's price objective is near Kaynes Tech's own 52-week high of ₹7,822, from which the stock has already dropped by half.
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