Kaynes Tech shares plunged 8%. Kotak has maintained its "reduce" rating and cut its price target on the stock. (Image: Kaynes Tech website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shares of Kaynes Technology Ltd. plunged by 8% on Wednesday, Dec. 10, after a one-day relief rally as domestic brokerage Kotak Institutional Equities cut its price target on the stock on the recent sell-off . Today's rout in the session so far has erased much of Tuesday’s 14% surge that had briefly pause a four-day losing streak for the midcap stock.

The electronics manufacturers is under intense scrutiny from investors and analysts. Kotak Institutional Equities has maintained its "reduce" rating and cut its price target on the stock to Rs 4,150 from Rs 6,180. Earlier, the brokerage f

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