News

Kaynes Tech shares fall over 5% after equity worth ₹7,233 crore frees up for tradeIt must be specified that the end of a lock-in period does not mean that all of those shares will be sold in the open market, but will only become eligible to be traded.By Meghna Sen   November 18, 2025, 9:39:47 AM IST (Updated)2 Min ReadKaynes Technology India Ltd. fell as much as 5% on Tuesday, November 18, after its shareholder lock-in period came to an end.

As many as 11.6 million shares of Kaynes Technology India have freed up for trade as the one-and-a-half-year and beyond shareholder lock-in has ended.

The number of shares that have freed up for trade amount to 20% of the outstanding equity of the company, according to a note from Nuvama Alternative and Quantitative Research.

It must be specified that the end of a lock-in period does not mean that all of those shares will be sold in the open market, but will only become eligible to be traded.

Based on Monday's closing price, the value of the total shares that have freed up for trading is worth ₹7,233 crore.

Kaynes Technology India Ltd. reported its earnings for the September quarter on November 4. The company's net profit for the quarter under review increased 102% to ₹121.4 crore.

Its revenue was up 58.4% at ₹906.2 crore. EBITDA rose 80.6% to ₹148 crore. Its margin expanded to 16.3%.

The company's order book grew to ₹8,099.4 crore in the September quarter, compared to ₹5,422.8 crore in the same period last year.

Since its IPO at ₹587 per share, the stock has surged nearly 11 times.

Shares of Kaynes Technology India are trading 4.2% lower on Tuesday at ₹5,973. The stock is down 22% so far in 2025.Continue ReadingFirst Published: Nov 14, 2025 3:31 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsKaynes Techshare market todayShareholder Lock-In