The American short seller claimed that the group indulged in stock price manipulation through shell companies, corporate misgovernance, and that most of the group companies remain highly leveraged with negative cash flows.
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