The rail stock has already rallied over 300% in FY24 on the back of rising demand for wagons from the Indian Railways. In the last three December quarters, the stock has a track record of giving at least 25% return each time.
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