Faster rate hikes by the Reserve Bank of India (RBI) and the US Fed are likely to keep bond yields elevated in H2 2022 with growth remaining steady and borrowing costs still low.These catalysts provide tailwinds to Value sectors as they are positively correlated to rising growth and increasing yields.
BofA Securities enters Kaynes Technologies via Rs 42 crore block deal; stock down 48% in six months
BofA Securities acquired 1.16 lakh Kaynes Technologies shares via a block deal, while the stock continues a multi-month downtrend despite rising revenue and quarterly profit