The company reported strong earnings across its segments, with a 385 basis points (bps) improvement in the operating profit (Ebitda) margin to 36.1%. A basis point is a hundredth of a percentage point.
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