Kaynes Technology shares zoom to record high boosted by strong Q4 show

Kaynes Technology — an end-to-end and IoT solutions-enabled integrated electronics manufacturer — made a stellar stock market debut in November 2022 at Rs 778 per share as against the issue price of Rs 587 apiece.Kaynes Technology India Ltd (NSE: KAYNES) share price: Kaynes Tech shares zoomed to a record high of Rs 1,185 on Wednesday, as Dalal Street gave a big thumbs-up to the company's strong quarterly numbers. Kaynes Tech shares soared 19 per cent on BSE after the end-to-end and IoT solutions-enabled integrated electronics manufacturer reported a net profit or profit after tax (PAT) of Rs 413 crore for the quarter ended March 2023, more than double compared with its net profit of Rs 199 for the corresponding period a year ago.