Technichem Organics is set to list its shares on the BSE SME platform after its IPO was oversubscribed 425 times. Despite a revenue decline, the company reported a significant profit increase in FY24. The net proceeds will fund capital expenditure, debt repayment, and general corporate purposes.
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