The auto sector has caught the fancy of investors over the past few months thanks to strong volume visibility for passenger vehicles, a spate of new launches, and value unlocking from monetization of the electric vehicle (EV) subsidiaries.
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