Consumer stocks remain costly despite correction; Bajaj Auto, Maruti fall

Makers of big-ticket goods have seen heavy selling

Hero MotoCorp aims for more rides with start-ups: Rajat Bhargava

A sharp four per cent fall in the share price of Hero MotoCorp – the country’s largest two-wheeler maker – on Monday has rekindled fears of a further downslide in consumer stocks.  Consumer stocks, especially the makers of big-ticket goods such as two-wheelers, passenger car makers and home appliances have seen heavy selling in the last six months.  This is because investors are worried about demand slowdown amid liquidity crunch for non-bank lenders and a general slump in consumption. The combined market capitalisation of companies, such as ...