Nifty Auto stocks lose nearly ₹6 lakh crore in market cap amid recent selloff
1 month, 1 week ago

Nifty Auto stocks lose nearly ₹6 lakh crore in market cap amid recent selloff

Live Mint  

Indian auto stocks have been among the biggest casualties of the recent market sell-off. At its peak, the market capitalisation of Tata Motors stood at ₹4.33 lakh crore when the stock reached an all-time high of ₹1,179 per share. Similarly, Bajaj Auto's market capitalisation touched ₹3.56 lakh crore when its stock hit a record high of ₹12,774 apiece in late September. Overall, the combined market capitalisation of all Nifty Auto companies has fallen from a peak of ₹26.74 lakh crore to ₹20.95 lakh crore, marking a decline of ₹5.79 lakh crore. PV sales grow marginally in October despite festival demand After three consecutive months of decline, wholesale passenger vehicle sales saw a marginal recovery in October, rising by 0.9% year-on-year to 3.93 lakh units, according to SIAM data, despite two major festivals during the month.

History of this topic

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