Reduce Kaynes Technology, target price Rs 4,600: HDFC Securities

HDFC Securities recommends a 'reduce' call for Kaynes Technology India, setting a target price of Rs 4,600, against the current market price of Rs 5,437.85. Kaynes Technology reported significant growth in revenue and net profit for the quarter ended September 2024, and management is optimistic about future revenue growth driven by a healthy order book and upcoming projects.