KAYNES TECHNOLOGY SUBSIDIARY BUYS STAKE IN SENSONIC GMBH GERMANY

Kaynes Singapore, a wholly owned subsidiary of

, has executed a Share Purchase Agreement (SPA) with Frauscher Sensor Technology Group GmbH for the further acquisition of a 7% stake in Sensonic GmbH. Following this transaction, Kaynes Singapore, which already holds 54% in Sensonic GmbH, will increase its stake. In the financial side, the net profit in Q1FY26 jumped 47% YoY to Rs 75 crore, rising from Rs 51 crore in the same quarter last year. Similarly, the EBITDA expanded 68% to Rs 113 crore year-on-year with margins also improving to 17% from 13% a year ago. The stock price has surged by 15% in the last 3 months and is currently trading at 15% from it's all time high levels. Any breakout above Rs 7,500 per share could indicate a bullish momentum.