- Wealth PMS
The automobiles and auto ancillary sector has been severely impacted due to various factors plaguing the economy. The Nifty Auto Index has been down by 14% in the last one year and the correction has been steeper if we were to go back in time. The index from January 2018 has seen a cut of 33%.
Source: Nifty Indices
The cut in mid and small cap auto space has been severe . . .