29% this year, making it one of the weaker names in this group. The fall in Maruti comes despite its leadership in passenger vehicles.

Investor concerns have centred on demand trends, competition in SUVs and electric vehicles, and whether volume growth can support valuations. The promoter stake increase, however, comes at a time when India’s auto cycle remains linked to income growth, rural recovery and consumer confidence.

33 percentage point. 81% so far this year, the steepest fall among the eight names.

Insurance stocks have faced pressure because of concerns around growth, margins, product mix and regulatory changes. HDFC Life has also been hit by investor worries over valuation and the pace of recovery in annual premium equivalent growth.

The higher promoter holding gives some comfort, but the market is still asking for stronger earnings visibility. 07 percentage point.

33% this year. The pressure on HCLTech is part of a broader weakness in IT stocks.

Indian IT companies have been hit by slower discretionary spending, cautious client budgets and uncertainty over how artificial intelligence will affect traditional outsourcing demand. 33%.

58% in 2026. The cement sector remains tied to infrastructure spending, housing demand, pricing discipline and capacity expansion.

01 percentage point. 81% this year.

M&M remains a key play on SUVs, tractors and farm recovery, but the stock has corrected with broader largecap weakness. Largecap outlook still not brokenThe promoter stake increases come at a time when largecaps may be better placed than the broader market after this year’s correction.

Mayur Patel, President and Fund Manager, Listed Equity, 360 ONE Asset, said the weakness in August was concentrated at the largecap index level. “Over the medium term, however, I remain quite bullish,” Patel said.

8% as signs of resilience in the earnings and macro environment. He also expects FCNR(B) inflows to support credit growth and domestic liquidity.

A recovery in consumer discretionary demand and private capital expenditure could provide additional support. Patel remains positive on industrials, helped by investments in power transmission and distribution, renewable-energy equipment, electronics, defence and data centres.

He is also constructive on private banks, NBFCs, consumer discretionary and telecom. (Data: Ritesh Presswala) Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.

They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.

Terrence O' Brien is the Verge’s weekend editor. He’s covered the tech industry for over 18 years and knows a thing or two about synths. We don’t know a ton abo...