Kaytex Fabrics is set to make its debut on the stock market with an IPO scheduled for July 29. Shares are priced between Rs 171 and Rs 180 each, with the company aiming to raise around Rs 70 crore.
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