The parent ITC will continue to provide the business with its brand name, governance, and other synergies, while its own return profile is expected to improve as the hotel business is more capital intensive, said analysts.
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