Kaynes up 14%, hits record high on Rs 3,750 crore MoU with Karnataka Govt – Business Standard

Shares Kaynes Technology zoomed 14 per cent to hit a record high of Rs 2,122.85 per share on the BSE in Friday’s intra-day trade after it signed agreement with Government of Karnataka for an investment of Rs 3,750 crore. Kaynes will setup Semiconductor Assembly & Testing (OSAT) facility and Printed Circuit Board (PCB) manufacturing plant through its step down subsidiaries. The stock has surpassed its previous high of Rs 1,908.65 touched on July 26.