URL copied to clipboard

Trending News

Semiconductor stock jumps 3% after it acquires 54% stake in railway based company, Sensonic Gmbh

Semiconductor company has acquired a 54% stake in Sensonic GmbH, Austria, enhancing its global infrastructure technology presence. The acquisition integrates fiber optic sensing with IoT innovation for superior infrastructure monitoring solutions.
Semiconductor stock rises 3% after acquiring 54% stake in railway tech company Sensonic GmbH.
Semiconductor stock rises 3% after acquiring 54% stake in railway tech company Sensonic GmbH.

Introduction:

Prominent semiconductor company has acquired a 54% stake in Sensonic GmbH, Austria. The move strengthens its presence in global infrastructure technology. This acquisition integrates fiber optic sensing and IoT innovation for enhanced infrastructure monitoring.

Alice Blue Image

Also Read: EV stock jumps 7% after it reports 197% YoY increase in sales in November 2024

Share price movement of Kaynes Technology:

On December 4, 2024, Kaynes Technology India Ltd opened at ₹6,349.95, up 1.88% from its previous close of ₹6,232.30. The stock reached a high of ₹6,410.00 and a low of ₹6,151.25. By 11:37 AM, it traded at ₹6,186.90, down 0.73%, with a market cap of ₹39,655.31 crore.

Kaynes acquires Sensonic stake:

Kaynes Technology India Ltd has acquired a 54% controlling stake in Sensonic GmbH, Austria, through its wholly-owned subsidiary, Kaynes Holding Pte. Ltd. The acquisition boosts Kaynes’ presence in global infrastructure technology markets and supports innovation.

Sensonic Austria, known for its expertise in railway safety and efficiency, offers technologies like track condition monitoring, landslide detection, and AI-driven security enhancements, strengthening Kaynes’ portfolio.

This acquisition integrates Sensonic’s cutting-edge fiber optic sensing technologies with Kaynes’ IoT innovation and manufacturing expertise. The combined strengths will deliver superior solutions to customers worldwide, enhancing infrastructure monitoring.

Recent news on Kaynes Technology:

As of 30 Oct 2024, Kaynes Technology India reported impressive Q2 results with a 58.55% YoY revenue growth and an 86.35% profit surge. The company also saw a 13.52% revenue increase and 18.57% profit rise compared to the previous quarter.

Stock performance of Kaynes Technology for Period of 1 week, 6 months and 1 year:

Kaynes Technology India has delivered strong returns, with a 5.56% gain over the past week, 86.7% growth over the last six months, and an impressive 157% increase over the past year, showcasing remarkable performance and market confidence.

Also Read: Railway stock jumps 2% after it receives work order worth ₹186 Cr from East Central Railway

Shareholding pattern of Kaynes Technology:

All values in %Sep 2024Jun 2024Mar 2024
Promoter57.80%57.80%57.80%
FII14.90%14.30%14.20%
DII16.10%17.90%18.40%
Public11.30%10.00%9.60%
Alice Blue Image

About Kaynes Technology:

Kaynes Technology (NSE: KAYNES) was incorporated in 2008 and is a leading integrated electronics manufacturing company. It provides design, engineering, manufacturing, and lifecycle support across sectors including automotive, aerospace, defense, IoT, medical, and IT.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

Loading
Read More News