AI selloff hits India too: TD Power, HFCL, Sterlite, other power capex-linked stocks crash up to 15%
Shares of power capex companies such as TD Power, Thermax, Netweb Technologies, HFCL, CG Power and Hitachi Energy, among others, tumbled up to 15% on Friday as a sharp sell-off in US and Asian AI-linked stocks triggered a broad-based decline in domestic AI-related stocks. The downturn was fuelled by the Democrats' victory in the US midterm elections.TD Power and Thermax were among the worst-hit…
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AI selloff hits India too: TD Power, HFCL, Sterlite, other power capex-linked stocks crash up to 15% (opens The Economic Times in a new tab)
Shares of power capex companies such as TD Power, Thermax, Netweb Technologies, HFCL, CG Power and Hitachi Energy, among others, tumbled up to 15% on Friday as a sharp sell-off in US and Asian AI-linked stocks triggered a broad-based decline in domestic…
