Berkshire Hathaway is trailing the S&P 500 by its widest gap this year, as Warren Buffett’s move to significantly trim the conglomerate’s Apple holdings continues to pressure performance, even as Berkshire’s shares rebound from summer lows. Class B shares have climbed 7.2% since their August 4 low of $459.11, partially recovering a nearly 15% drop. Year to date, Class B and A shares are up 8.6% and 8.5%, respectively.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj