Kaynes Technology share price hits fresh 52-week low as bearish signals pile up
Shares of Kaynes Technology India slid more than 6% on Tuesday to about 3,747 rupees, touching a fresh 52-week low as it stayed below key moving averages — a backward-looking trend gauge based on past prices — Trendlyne data showed. Trendlyne.com The drop keeps the electronic manufacturing services company — a contract maker that builds electronics for brands — near the bottom of its one-year trading band after a sharp reset from last year’s highs. MarketsMojo said the stock’s technical stance has deteriorated and its model rating has been cut to “Sell” from “Hold,” with momentum gauge MACD still signalling a weakening trend; it also put the stock’s one-year return at about -47% versus a roughly 8% rise in the Sensex. Markets Mojo
