This stock soared 19x, then crashed 60%. The next chapter depends on one thing
- Posted on August 20, 2026
- By Financial Express
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- 1 min read
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This stock soared 19x, then crashed 60%. The next chapter depends on one thing
The 19x rally from Rs 66 to Rs 1,277 was driven by a genuine earnings transformation. The subsequent correction reflects a very different reality — margin normalisation, slower profitability and the end of an extraordinary PM-KUSUM-led cycle. The question now is whether this company’s next phase of growth can rebuild what the earlier cycle created.
