Kaynes Technology Share Price Today: Drops 6% After Lock-in Expiry; Q2 Profit Surges

Market Performance

Kaynes Technology's share price slipped nearly 6% on Tuesday, November 18, following the expiry of its shareholder lock-in period. With the conclusion of this restriction, around 11.6 million shares—representing 20% of the company’s equity are now available for trading.

The end of the lock-in does not automatically mean these shares will flood the market. Instead, it allows shareholders the option to sell their holdings, potentially impacting short-term supply dynamics. Based on the previous day’s closing price, the total value of the unlocked shares stands at approximately ₹7,233 crore.

Lock-in periods are designed to provide stability after listing, restricting promoters, pre-IPO investors, and anchor shareholders from selling their stakes for a fixed duration. Once this period ends, shares can be traded freely, which sometimes creates volatility depending on market sentiment.

Kaynes Technology Q2 Performance

The company reported strong operational and financial growth in the September quarter.

Key financial highlights for Q2FY26:

• Net Profit: ₹121.4 crore, up 102% from ₹60.2 crore in the same quarter last year
• Revenue: ₹906.2 crore, a 58.4% increase from ₹572 crore in Q2FY25
• EBITDA: ₹148 crore, up 80.6% from ₹82 crore previously
• EBITDA Margin: Expanded to 16.3% from 14.3% year-on-year
• Order Book: ₹8,099.4 crore, up from ₹5,422.8 crore a year ago

The Q2 results reflect the company’s growing capabilities across technology segments such as semiconductors, HDI PCBs, system integration, and advanced manufacturing.

Ramesh Kunhikannan, Executive Vice-Chairman and Promoter, highlighted recent initiatives, including the launch of India’s first manufactured IPM multi-chip module via Kaynes Semicon Private Ltd. He also emphasized the company’s focus on emerging sectors like AR/VR, space technology, and strategic electronics, coupled with its expanding global footprint.

Kaynes Technology Stock Performance

Kaynes Technology stock witnessed a decline of up to 5.8% during intraday trading, touching ₹5,879.95. Since its IPO price of ₹587 per share, the stock has multiplied almost 11 times.

Performance snapshot:

• 52-week high: ₹7,824.95 (January 2025)
• 52-week low: ₹3,835.00 (February 2025)
• YTD 2025: Down 22%
• 1-year gain: 12%
• Last 1 month: Declined nearly 16%

Despite recent corrections, the stock remains significantly higher than its IPO price, reflecting robust investor interest over time.

Company Overview

Kaynes Technology operates in advanced technology manufacturing, covering semiconductors, printed circuit boards, system integration, and industrial electronics. The company’s growth trajectory is driven by innovation and strategic expansions in emerging technology sectors.

The recent Q2 results and the end of the shareholder lock-in underline the company’s strong operational performance and market presence, while also opening up additional liquidity in the stock.

Summary:

• Kaynes Technology's share price falls 6% post-lock-in expiry.
• 11.6 million shares (20% of equity) are now available for trading
• Q2FY26 net profit surges 102% to ₹121.4 crore
• Revenue jumps 58.4% to ₹906.2 crore.
• EBITDA grows 80.6% with margin expansion to 16.3%
• Order book stands at ₹8,099.4 crore.
• Stock has multiplied 11x from IPO price; recent volatility observed.

The latest developments make Kaynes Technology one of the most watched names in the Indian stock market today, combining strong financial performance with strategic technological expansion.