This small-cap electronic components manufacturer delivered mind-blowing returns of over 200% in just one year; do you hold it?

Kaynes Technology India Limited has delivered multibagger returns to its shareholders in the past year. During this period, the company’s share price surged from Rs 689.95 on November 22, 2022, to Rs 2355 on October 30, 2023, representing an increase of over 200% in a one-year holding period.

An investment of Rs 1 lakh in this company’s shares one year ago would have grown to Rs 3 lakhs today.

Kaynes Technology reported a strong first quarter for FY24, with net sales growth of 49.14% to Rs 297.18 crore, compared to Rs 199.27 crore in the same quarter last year. The operating profit also experienced a significant increase of 91.4%. The net profit for the quarter increased by 145.36% to Rs 24.65 crore, compared to the previous year’s same quarter.

Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Internet of Things (“IoT”), Information Technology (“IT”) and other segments. It also provides end-to-end IoT and cloud enablement solutions and offers IoT data and analytics platform and vertical IoT solutions.

Today, the stock opened at Rs 2383.20, with a high and low of Rs 2400.05 and Rs 2325, respectively. The stock is currently trading at Rs 2365.55, which declined by 0.58%. The stock has a 52-week high of Rs 2954.20 and a 52-week low of Rs 625.05. The company has a ROCE of 21.5% and an ROE of 16.3% with a market capitalization of Rs 13,693 crore.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer:This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.