Kaynes Technology rebounds as bulk deal buying lifts short-term sentiment

Kaynes Technology rose after a bulk deal purchase revived sentiment, even as the stock remains under pressure following disclosure concerns and a sharp recent correction.

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Kaynes Technology rebounds as bulk deal buying lifts short-term sentiment

Kaynes Technology rebounds as bulk deal buying lifts short-term sentiment
Kaynes Technology shares extended gains for a second session after a bulk deal lifted investor sentiment in the recently battered stock. Smallcap World Fund Inc bought 4,46,921 shares at an average price of ₹4,206.38, valuing the transaction at about ₹188 crore. The stock closed 5.51 percent higher at ₹4,267, though it remains down sharply this year after earlier concerns over related-party disclosures and a steep four session selloff.