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Kaynes has plunged 43.5% from its October peak, with Fridays 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of further slide toward the years 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.
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