Excluding ACC and Ambuja Cement, the Adani Group’s market capitalisation has increased by nearly ₹10.16 lakh crore this year thanks to the sharp run-up in stock prices of most of its companies. During this period, Tata Group has lost ₹2.57 lakh crore in market cap as its flagship company Tata Consultancy Services declined by over 17%.
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