The demerger seeks to establish five independent, globally scaled companies specializing in aluminium, iron ore, copper, oil and gas, and power generation. This restructuring aims to streamline operations, improve efficiency, and enable Vedanta’s management to focus on individual business segments. By optimizing asset utilization and capital allocation, the move is expected to enhance overall business performance and growth.
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