“The stock had made a double top around Rs 815 in the month of April this year and fell sharply by about 25 per cent to reach towards Rs 615 by mid-June,” Rupak De, Senior Research Analyst at LKP Securities, said.
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