Kaynes Technology shares in focus after unit inks Rs 85 crore asset deal with Fujitsu General Electronics

Shares of Kaynes Technology are set to be in focus on Wednesday after the semiconductor manufacturing company announced that its wholly-owned subsidiary has signed an asset purchase agreement with Fujitsu General Electronics Ltd to acquire power module production lines and related manufacturing assets for Rs 85 crore.

In a stock exchange filing on Tuesday, Kaynes Technology India said, “…we hereby inform you that Kaynes Semicon Private Ltd (Kaynes Semicon), a Wholly Owned Subsidiary Company of Kaynes Technology India Ltd (Kaynes or Company) has entered into an Asset Purchase Agreement with Fujitsu General Electronics Ltd (Fujitsu Electronics), Iwate, Japan for the acquisition of the identified assets on June 09, 2025, subject to the satisfaction of customary closing conditions.”

The deal, signed on June 9, is valued at 1.59 billion yen, equivalent to Rs 85 crore. The identified assets include power module production lines that are expected to enhance Kaynes Technology’s capabilities and footprint in the semiconductor manufacturing space, specifically in the power module segment.

Kaynes Semicon will integrate these assets into its operations. The company clarified that “the transaction does not fall within the ambit of related party transactions,” and emphasized that there will be “no impact on the management or control” of Kaynes Technology India Ltd.

Stock performance and technical outlook

On Tuesday, June 10, shares of Kaynes Technology ended at Rs 5,587.05 on the BSE, down by Rs 65.70 or 1.16%. While the stock has gained 65% over the past year and 30% in the last three months, it has declined 3.5% over the last week.
From a technical analysis standpoint, the stock is currently trading below six of its eight key simple moving averages (SMA), including the 5-day, 10-day, 20-day, 30-day, 50-day, and 150-day SMAs. This reflects bearish undertones across both short-term and long-term charts.
The Relative Strength Index (RSI) stands at 40.6, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -13.6 and continues to stay below its signal and center line — a strong bearish indicator.
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