“The reason the market saw no panic selling is there is low trader interest and positioning in these stocks, in the segment,” said Rohit Srivastava, Founder, Indiacharts.com. “IT is going to do better backed by a good global tech environment and strong NASDAQ, and will continue to pick up.”
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