“The company recorded a strong beat on margins led by costs. Volumes were slightly lower. The cement major recorded a strong performance on variable costs,” it said in a note.
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