India’s Bajaj Auto slumps 12 per cent on festive sales caution, drags broader market
Shares of Bajaj Auto fell by 12% after the company projected lower than expected festive season sales growth of 3% to 5%. This warning impacted the broader market and led to declines in rival stocks and the Nifty Auto index. The weak sales turnout during the festive season also affected other automakers like Hero MotorCorp…