We analyse Nifty 500 companies which turned into profit-making in the recent quarter as compared to their sequential quarter where they have posted losses. To check which stocks got good momentum after turning into profit, we drill down the list further and consider only stocks which have gained over 25 per cent in just over 2 months (Quarter-to-date or QTD).
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