Ajit Mishra, VP – Research, Religare Broking, said that participants should align their positions and look for buying opportunities on dips. All the sectors are contributing to the move. “We believe the focus should still be on the top performers rather than expecting a turnaround in the beaten-down names,” he added. “We reiterate our preference for auto, FMCG, banking and financials and remain selective in others.”
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of