Sandip Sabharwal discusses the current high valuations in the market and advises keeping cash on hand for future opportunities. He notes that while the IT sector has seen significant gains, further growth may be limited. Real estate stocks have performed well but face challenges ahead. FII flows into India have turned positive recently.
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