SYNOPSIS: BOFA Securities Europe SA bought 1.16 lakh shares in this integrated electronics manufacturer, while Kadensa Master Fund and Bluepearl MAP LLP sold shares at Rs. 3,614.4 each, via a block deal on NSE.
During Friday’s trading session, shares of a leading end-to-end IoT solutions-enabled integrated electronics manufacturer are in focus on the stock exchanges, after BofA acquired shares worth around Rs. 42 crore, following the recent correction in the stock price.
With a market cap of Rs. 23,865.3 crores, shares of Kaynes Technology India Limited were trading in the red at Rs. 3,560.15 on BSE, down by around 4 percent, compared to its previous closing price of Rs. 3,698.25. The stock has delivered negative returns of around 16 percent in one year, and has fallen by around 10 percent in the last one month.
News
As per the latest block deal on 12th March 2026, BofA Securities Europe SA bought around 1.16 lakh equity shares, representing a 0.17 percent stake, in Kaynes Technology India Limited on NSE. The total deal transaction was valued at nearly Rs. 42 crores, executed at an average price of Rs. 3,614.4 per share.
However, on the sell side, Kadensa Master Fund offloaded 46,934 shares in the company for around Rs. 17 crores, while Bluepearl Map I LP divested nearly 69,148 shares for Rs. 25 crores, both at the same average price.
Financials
Kaynes Technology India Limited is a leading end-to-end and IoT solutions provider enabling electronics manufacturing players, with capabilities across the entire spectrum of Electronics System and Design Manufacturing (ESDM) companies.
The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defence, nuclear, medical, railways, IoT, IT and other segments.
For Q3 FY26, the company posted a consolidated revenue from operations of Rs. 804 crores, reflecting a growth of around 22 percent YoY compared to Rs. 661 crores in Q3 FY25. Likewise, its net profit increased from Rs. 66 crores to Rs. 77 crores, representing a rise of nearly 17 percent YoY.
During the quarter, the company reported an order book of Rs. 9,072.2 crores, providing a strong revenue visibility for the future. Further, it achieved a significant milestone by executing the Fiscal Support Agreement (FSA) under the India Semiconductor Mission (ISM) of the Government of India for its subsidiary.
Management further noted that the company Kaynes is transitioning its semiconductor and PCB programs from planning to commercial execution. The OSAT facility at Sanand is ramping up operations, while the HDI PCB manufacturing unit is nearing operational readiness, which is expected to enhance execution visibility and support scalable growth going forward.
Written by Shivani Singh
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