Why did CG Power, Hitachi Energy, Apar Industries and other capital goods stocks crash up to 10% today? Explained
Capital goods firms, including GE Vernova T&D India and Siemens Energy India, faced sharp declines after India's Centre allowed four Chinese manufacturers to join government tenders for power projects, impacting investor sentiment as tensions with China eased and infrastructure demands grew.
Capital goods firms, including GE Vernova T&D India and Siemens Energy India, faced sharp declines after India's Centre allowed four Chinese manufacturers to join government tenders for power projects, impacting investor sentiment as tensions with China eased and infrastructure demands grew.
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