By IANS Sept 11, 2019 7:32:19 AM IST (Published)
Data from the bourses suggest that in just the past one year, the automobile and manufacturing companies, have seen over one-third of their share value getting eroded.
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.
Data from the bourses suggest that in just the past one year, the automobile and manufacturing companies, have seen over one-third of their share value getting eroded, on average, indicating a sharp decline in these companies' abilities to raise capital in the market.
During the period in consideration, the Nifty metal index has lost the most among the 11 sectors constituting the benchmark index.