Kaynes Technology India shares declined by 5.56 percent, closing at ₹5,890 on Tuesday following the expiration of its shareholder lock-in period. This development released approximately 11.6 million shares, which constitutes 20 percent of the company’s outstanding equity, allowing for trading. The stock opened the day at ₹6,202 and recorded an intraday low of ₹5,855.50 before finishing at that low point.
The newly unlocked shares are valued at ₹7,233 crore based on Monday’s closing price of ₹6,237. The lock-in period, lasting one and a half years, typically restricts promoters, pre-IPO investors, and anchor investors from selling their shares to stabilize the market post-listing. Although these shareholders can now trade their holdings, there is no immediate obligation to sell.
Despite the stock’s decline on Tuesday, Kaynes Technology has posted robust financial results. The company reported a 102 percent increase in net profit to ₹121.4 crore for Q2FY26, with revenues rising 58.4 percent year-on-year to ₹906.2 crore. EBITDA margins improved to 16.3 percent from 14.3 percent, and the order book expanded to ₹8,099.4 crore.
Since its IPO in November 2022 at ₹587, the stock has appreciated nearly elevenfold. However, it remains 25 percent below its peak of ₹7,824.95 reached in January 2025 and has experienced a 22 percent decline year-to-date. Trading volume was significant, with 31.56 lakh shares worth ₹1,876.92 crore exchanged on Tuesday.
Published on November 18, 2025.
