Shares of TCS and Infosys jumped over 3% after Investec and JP Morgan upgraded ratings with higher targets, citing long-term IT resilience. Analysts see recovery in H2 FY26, driven by AI-led transformation, cost efficiency, and robust order books despite near-term demand pressures.
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