The stock hit a 52-week high of Rs 5362 on 28 July 2023, but it failed to hold the momentum. The stock finally found support above the 50-week moving average (above Rs 4700) on the weekly charts before bouncing back.
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