October 1 this year, when non-EU steel producers must report direct and indirect emissions. Domestic companies from seven carbon-intensive sectors including steel, cement, fertiliser, aluminium and hydrocarbon products would have to seek compliance certificates from the EU authorities to comply with the CBAM norms.
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