The private sector lender fell nearly 4 per cent so far in 2022 compared with over 6 per cent rise seen in the S&P BSE Bankex in the same period. However, the stock rose over 3 per cent in a week and nearly 5 per cent in a month.
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