A host of domestic brokerage firms have initiated coverage on various stocks from different sectors including consumption, infra, engineering, FMCG and consumer durables, among others. They remain positive on these counters as all eight stocks have a buy rating. Here are the new stocks which brokerages prefer:
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