14 midcap stocks crash up to 55% from their peaks. Are you holding any?
By Ritesh Presswala, ETMarkets.com |
1/15
Midcap illusion
India’s equity markets have remained highly volatile for quite some time. While the benchmark NIFTY 50 is down nearly 8% from its 52-week high, the NIFTY Midcap 150 continues to trade close to record levels, suggesting resilience beneath the surface.
Yet, a closer look reveals a very different picture. Several midcap stocks have suffered steep declines, falling sharply from their 52-week highs even as the broader index remains near its peak. Here, we highlighted 14 of the biggest laggards, with losses ranging from 30% to as much as 55% from their respective highs. (Data Source: ACE Equity)
Yet, a closer look reveals a very different picture. Several midcap stocks have suffered steep declines, falling sharply from their 52-week highs even as the broader index remains near its peak. Here, we highlighted 14 of the biggest laggards, with losses ranging from 30% to as much as 55% from their respective highs. (Data Source: ACE Equity)
2/15
KPIT Technologies
The stock has declined 55% to Rs 592 from its 52-week high of Rs 1,328.
3/15
Godfrey Phillips India
The stock has declined 47% to Rs 2,107 from its 52-week high of Rs 3,947.
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4/15
Tata Investment Corporation
The stock has declined 46% to Rs 644 from its 52-week high of Rs 1,185.
5/15
Rail Vikas Nigam
The stock has declined 45% to Rs 218 from its 52-week high of Rs 401.
6/15
Patanjali Foods
The stock has declined 43% to Rs 351 from its 52-week high of Rs 615.
7/15
Swiggy
The stock has declined 39% to Rs 287 from its 52-week high of Rs 474.
8/15
Tata Elxsi
The stock has declined 38% to Rs 3,666 from its 52-week high of Rs 5,950.
9/15
PI Industries
The stock has declined 36% to Rs 2,508 from its 52-week high of Rs 3,898.
10/15
SJVN
The stock has declined 35% to Rs 66 from its 52-week high of Rs 101.
11/15
Indian Railway Catering And Tourism Corporation
The stock has declined 35% to Rs 483 from its 52-week high of Rs 739.
12/15
ITC Hotels
The stock has declined 34% to Rs 166 from its 52-week high of Rs 254.
13/15
ACC
The stock has declined 34% to Rs 1,306 from its 52-week high of Rs 1,987.
14/15
Hexaware Technologies
The stock has declined 33% to Rs 557 from its 52-week high of Rs 829.
15/15
SBI Cards and Payment Services
The stock has declined 33% to Rs 651 from its 52-week high of Rs 965.