surged +13.7% to ₹4,331, posting its first strong green candle after days of relentless selling pressure. This comes right after the management’s clarification addressing Kotak’s concerns on accounting, goodwill, and cash-flow disclosures. Follow-up Highlights: Management admitted “reporting lapses” but maintained that all data was accurately reflected in consolidated statements. The company clarified treatment of goodwill from the Iskraemeco acquisition and assured no material impact on financials. Investor sentiment seems to be stabilizing after panic-driven mutual fund exits and heavy FII unwinding last week. Technical View: Strong bounce from the oversold zone (RSI 25 → 26), suggesting a possible short-term bottoming out. Heavy volume rebound (18.4M) indicates institutional value buying near ₹3,700–₹3,800. 9-EMA resistance lies at ₹4,830; sustained trade above ₹4,900 could trigger a relief rally. Outlook: Short-term bounce possible toward ₹4,800–₹5,000, but long-term stability depends on audit clarity and cash-flow improvement. 📊 Tone: Cautious optimism; volatile recovery phase.

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