Kaynes Technology India shares closed 5.56 per cent lower at ₹5,890 on Tuesday after the expiry of its shareholder lock-in period, which freed approximately 11.6 million shares—representing 20 per cent of the company’s outstanding equity—for trading. The stock had opened at ₹6,202 and touched an intraday low of ₹5,855.50 before closing at the day’s low.
The unlocked shares are valued at ₹7,233 crore based on Monday’s closing price of ₹6,237. The lock-in period, which lasted one-and-a-half years, typically restricts promoters, pre-IPO investors, and anchor investors from selling their holdings to maintain post-listing stability. While the expiry allows these shareholders to trade, it doesn’t guarantee immediate selling.
Despite Tuesday’s decline, Kaynes Technology has delivered strong financial performance. The company reported a 102 per cent jump in net profit to ₹121.4 crore for Q2FY26, while revenue surged 58.4 per cent to ₹906.2 crore year-on-year. EBITDA margins improved to 16.3 per cent from 14.3 per cent, and the order book grew to ₹8,099.4 crore.
The stock has risen nearly 11-fold from its November 2022 IPO price of ₹587. However, it remains down 25 per cent from its January 2025 peak of ₹7,824.95 and has lost 22 per cent year to date. The counter saw heavy trading, with 31.56 lakh shares worth ₹1,876.92 crore changing hands on Tuesday.