Earlier this week, the agriculture ministry released the first advance estimates for kharif season of 2022-23 crop year (July-June). As per the government data, rice production is likely to decline by 6 per cent to 104.99 million tonnes in the kharif season this year as against 111.76 million tonnes in kharif season of last year.
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