The stock, with a market capitalisation of more than Rs 25,000 crore, hit a 52-week high of Rs 2,261 on 16 November 2021 and since then the stock went sideways. It hit a low of Rs 1,655 in March 2022, and Rs 1,608 in June 2022.
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