Kaynes Technology India shares witnessed a sharp recovery on Tuesday, snapping a four-session losing streak that had wiped out nearly 30% of the stock's value. The counter surged as much as 7.77% to hit a day’s high of Rs 4,095 on the BSE, rebounding from its previous close of Rs 3,799.60. Advertisement

The heavy selling pressure in recent days was triggered by a report from Kotak Institutional Equities, which raised red flags regarding inconsistencies in the company’s FY25 related-party disclosures and rising contingent liabilities. However, with a bullish outlook from global brokerage JPMorgan, it appears to have arrested the fall.

In a filing to the exchanges on December 5, Kaynes Technology addressed the concerns raised by Kotak regarding the quality and completeness of its disclosu

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