Ashish Kacholia-backed smallcap stock tanks 34% in just two sessions. What’s behind the selloff?
- Posted on May 19, 2026
- By Business News Today
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- 1 min read
Ashish Kacholia-backed smallcap stock tanks 34% in just two sessions. What’s behind the selloff?
Jain Resource Recycling shares plunged up to 19% after reporting operational disruptions caused by Iran–Israel geopolitical tensions, which hit supply chains, raised shipping costs and compressed Q4 margins. Despite the near-term impact, the company reported strong revenue and profit growth, while signalling improving conditions and normalising costs in Q1FY27.
