Kaynes Technology shares cheapest in JPMorgan's coverage, time to buy?
ByAinvest
Monday, Dec 8, 2025 11:17 pm ET1min read
JPM--
Kaynes Technology shares have plummeted 40% in the past month, making them the cheapest stock in JPMorgan's coverage universe. Despite concerns over stretched working capital and receivables, JPMorgan reiterated its Overweight stance, noting that fundamentals have not changed. The brokerage expects a recovery in receivables and working capital over the next two quarters, with a fair value of Rs 4,900, implying a 29% upside from current levels.
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