Kaynes shares have tumbled 43.5% from their October peak, with Friday’s 12.5% fall the steepest single day so far. Momentum indicators stay bearish, keeping risk high for a further move toward the year’s low near Rs 3,825. Yet the stock is about 26% below its 200-day SMA, hinting at possible mean-reversion toward Rs 4,541 if buyers step in—otherwise losses could extend below Rs 4,300.
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