Last quarter, the stock surged as CEO Bill Nash said the better-than-expected results were helped by "a more stable environment for vehicle valuations." UPDATE—This article has been updated with ...

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Still, these periods of decline have been shorter than periods of growth. Movements in the market have to do with investor sentiment--if investors are more inclined to sell than buy, prices will drop.

Also, the FIIs have sold more than 10,000 crs in the equity cash segment ... the selling pressure thereafter accelerated due to short built up which has reversed the trend from up to down.