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VERIFIEDMint Markets·negative
Why did CG Power, Hitachi Energy, Apar Industries and other capital goods stocks crash up to 10% today? Explained
AI Summary
- ·Capital goods stocks, including CG Power and Hitachi Energy, experienced significant drops of up to 10%.
- ·The decline followed India's decision to permit four Chinese manufacturers to participate in government tenders for power projects.
- ·This development negatively affected investor sentiment in the capital goods sector.