Of the 44 companies that have secured Securities and Exchange Board of India (Sebi) approval for their IPOs, most have deferred plans to the next quarter, with some even considering lowering valuations and issue sizes, according to market participants.
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