Kaynes Technology shares saw a sharp 20% fall. This followed a disappointing March quarter earnings report and missed revenue forecasts. Analysts have downgraded the stock. Concerns about execution delays and working capital are impacting investor sentiment. The company’s stock had previously surged significantly since its listing.
Uday Kotak questions SpaceX valuation, says only time will tell if we’re in ‘mega bubble’
Uday Kotak described SpaceX’s blockbuster IPO as a test for capitalism, questioning whether investors are backing humanity’s future or fueling a massive bubble. His remarks