Latest News
-
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy -
3 Bonus, 1:2 Split, 38 Dividends: Rs 1,915 Midcap IT Stock To Pay 360% Dividend After Q4 Profit Rises -
EU Finds No New ETO Cases in Indian Organic Exports Post-Dec 2020 -
1:5 Stock Split Approved: Defence Stock To Be Cheaper Soon, Shares Zoom 507% In 1-Yr -
Edelweiss Alternatives Expands Portfolio with Bengaluru's MMTP Projects Acquisition -
1:2 Split, 1:1 Bonus, Rs 28/Sh Dividend: Mahindra's IT Stock To Pay 560% Dividend; Check Record, Payment Dates
Nifty Auto Index Plunges Over 12%; Bajaj Auto Top Loser On The Index
The Nifty auto index amid market rout on March 23, 2020 declined over 12% to hit the day's low of 4699.6. This is after ACMA and SIAM has asked auto companies to shut down their manufacturing facilities to stem the spread of coronavirus infection.
Among the top losers on the index are Bajaj Auto (13%), Maruti Suzuki (down 12.42%), HeroMotoCorp (down 12.43%), M&M (down 10.45%) and Ashok Leyland (down over 9%).
On Sunday, Maruti Suzuki announced the shutdown of its manufacturing facilities in Manesar and Gurugram till further notice. The company's R&D centre at Rohtak has also been closed down.
Hero MotoCorp has suspended operations at all its manufacturing and assembly facilities across the globe including plants in India, Bangladesh and Colombia with immediate effect until March 31, 2020.
Mahindra & Mahindra Ltd (M&M) in its release to the stock exchanges said the company's tractor manufacturing unit in Nagpur will be shut with immediate effect. Further, the company's operations at two of its facilities including Chakan in Pune and Kandivali in Mumbai will shut down by Monday end.
GoodReturns.in
