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 further slide toward the year’s low of Rs 3,825.

However, being nearly 26% below its 200-day SMA suggests potential mean-reversion, with a contrarian recovery target at Rs 4,541 and downside below Rs 4,300.