Auto, manufacturing companies shed one-third market capitalization in a year
Among the 15 constituent stocks of the auto index, Tata Motors, Motherson Sumi Systems and Ashok Leyland have been worse hit, losing 55% , 66% and 51%, respectively
Manufacturing companies like SAIL and Jindal Steel, which constitute the metal index, declined by 35%, on an average
Mumbai: The ongoing economic slowdown in the country has claimed the livelihood of lakhs of people. New projects and investments have been put on hold, while a revival could take longer as investor confidence in companies cut a sorry picture at the exchanges.
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