Flamboyant and well-networked, the ‘Oracle of Dalal Street’ was close friends with another veteran investor Radhakishan Damani. Together, they were known as the ‘Jai and Veeru’ of Dalal Street. While fully respecting each other’s viewpoints, the two best friends would often take contrasting calls during their earlier trading days.
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