Kaynes Tech shares fall 6% as Kotak flags issues
Kaynes Technology shares fell 6% after Kotak Institutional Equities highlighted discrepancies in inter-company transaction disclosures between the parent and its subsidiaries. The brokerage noted significant unrecorded transactions and receivables, alongside concerns about accounting for goodwill and intangibles. This follows a substantial rally in the stock.
Analysts warn of up to 16% further downside for IndiGo amid operational turmoil
IndiGo’s stock is facing pressure from widespread flight cancellations. These disruptions are expected to affect revenue and profits in the coming quarter. Analysts suggest further stock drops are possible if the cancellations persist. Investors are advised to wait for clarity on the situation. The company’s ability to restore operations will be key to its stock’s […]
Rupee rebounds after hitting record low of 90.42, RBI seen curbing slide ahead of MPC meet
The Indian Rupee recovered from an all-time low of 90.42 against the US Dollar. State-run banks and corporate inflows helped the currency close at 89.97. The Reserve Bank of India likely intervened to prevent further depreciation. Traders anticipate a wide trading range on Friday, with the monetary policy committee set to announce its rate decision.
After Sebi, Amfi likely to put equity tag on Reits in Jan rejig
Mutual fund investors should watch for changes in January 2026. AMFI may reclassify REITs like KRT and Embassy into mid-cap equity. Mindspace, Nexus, and Brookfield could join small-cap equity. This follows SEBI’s move to boost mutual fund participation in REITs. Fund managers will need to adjust portfolios accordingly. The official list arrives in early January.