Nuvama has projected the highest adjusted PAT figure for Vedanta but anticipates a 30.8% decline in net profit growth. In contrast, Kotak and Phillip forecast PAT growth of up to 242% year-on-year. Kotak has the highest revenue estimate at Rs 38,674 crore, expecting an over 15% year-on-year increase. The company will announce its earnings on Tuesday, August 6.
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