Keynes Technology shares have seen a big decline recently
This week has proved to be very heavy for investors who place bets in the stock market. There has been a huge loss in the capital of investors of a well-known company in the system design and electronics manufacturing sector. We are talking about Kaynes Technology, whose shares have collapsed like a house of cards in the last few days. Within just 5 days, a huge fall of about Rs 1200 has been recorded in this stock. The stock, which was trading at a high level of Rs 4500 on May 8, has fallen sharply to below Rs 3300. Seeing such a huge fall, investors investing money in the market are nervous. But amidst this heavy selling, a big brokerage firm has adopted such a stance, which has attracted the attention of market experts.
Investors’ capital lost 25 percent in two days
The recent performance of Keynes Technology shares has been like a nightmare. On Wednesday, this stock closed strongly at the level of Rs 4177.85. Since then, a trend of decline has started which is showing no signs of stopping. On Thursday, there was a straight fall of 20 percent in the shares. After this, selling pressure remained dominant on Friday also. The stock fell further 4.6 percent to its new 52-week low of Rs 3182.55. If we talk about only these two trading sessions, then this stock has wiped out about 25 percent of the value of investors’ investment. It has become a big matter of concern for retail investors to see their hard-earned money dwindling at such a rapid rate.
Why did the stock suddenly fall to the floor?
The main reason for such a big dent in the shares of this semiconductor company with an excellent track record has been its latest quarterly results. The earnings for the fourth quarter (Q4) ending March 31, 2026 disappointed the market’s expectations. There was a big decline of 21.5 percent in the net profit of the company on annual basis, which came down to Rs 91.2 crore. However, interestingly, during the same period, the company’s revenue saw a huge jump of 26.2 percent and reached Rs 1,242.6 crore. Despite the increase in income, this sharp decline in profits created an atmosphere of panic among investors, due to which heavy profit-booking was seen in the market.
Jefferies searches for profit amid many downgrades
There was panic in the market after the results and many major brokerage houses started avoiding this stock. On Friday, all the big brokerage firms like Avendus Spark, IIFL, JM Financial, Nomura, BNP Paribas, CLSA and Equirus Securities downgraded the shares of Keynes Tech. All of them have reduced the target price of the share by a huge 25 percent.
But amid this all-round disappointment, the leading global brokerage firm Jefferies has left a ray of hope for investors. Jefferies has maintained its ‘BUY’ rating on Keynes Technology shares. However, considering the current situation, the firm has reduced its target price from Rs 4515 to Rs 3970. This new target of Jefferies simply means that even today if an investor buys this share at the current low level, he can get excellent returns of about 19 to 20 percent in the future.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsh advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
