14 midcap stocks plunge up to 50% in 6 months. Here's where FIIs and MFs stand

Over the past six months, Nifty50 has declined around 4%, while the Nifty Midcap 150 index gained nearly 10%. At first glance, midcaps appear to have delivered a strong performance. However, a closer look reveals a different picture.
Several midcap stocks have witnessed sharp corrections despite the index gains. We highlight 14 such stocks that have fallen 15-50% over the past six months. These stocks continue to trade 25-55% below their 52-week highs, raising the question: Are they overlooked opportunities or value traps? We also examine how major investors, foreign institutional investors (FIIs) and mutual funds (MFs), positioned themselves in these stocks during the June 2026 quarter. (Data Source: ACE Equity)

KPIT Tech shares have fallen 49% over the past six months, declining to Rs 564 from Rs 1,115. In the June 2026 quarter, foreign institutional investors (FIIs) held a 13.22% stake, while mutual funds (MFs) owned 11.91%.

Tata Elxsi stock has slipped 35% in the last six months, falling to Rs 3,462 from Rs 5,348. In the June 2026 quarter, FIIs held a 9.85% stake, while MFs owned 1.11%.

Patanjali Foods shares have declined 33% over the past six months, falling to Rs 340 from Rs 505. During the June 2026 quarter, FIIs held an 8.53% stake, while MFs held 1.27%.

Rail Vikas Nigam stock has lost 29% in the last six months, slipping to Rs 225 from Rs 317. In the June 2026 quarter, FIIs held a 2.41% stake, while MFs owned 0.36%.

The shares have dropped 21% over the past six months, declining to Rs 560 from Rs 705. In the June 2026 quarter, FIIs held a 3.19% stake, while MFs owned 15.53%.

Swiggy has fallen 19% in the last six months, easing to Rs 270 from Rs 335. During the June 2026 quarter, FIIs held a 13.96% stake, while MFs held 22.77%.

ACC shares have declined 19% over the past six months, falling to Rs 1,388 from Rs 1,717. In the June 2026 quarter, FIIs held a 5.83% stake, while MFs owned 7.95%.

IRCTC stock has slipped 19% in the last six months, falling to Rs 500 from Rs 614. In the June 2026 quarter, FIIs held a 3.91% stake, while MFs owned 3.41%.

SBI Cards shares have declined 18% over the past six months, falling to Rs 645 from Rs 784. In the June 2026 quarter, FIIs held an 8.98% stake, while MFs owned 10.80%.

Dabur India stock has fallen 17% in the last six months, easing to Rs 426 from Rs 516. During the June 2026 quarter, FIIs held a 9.66% stake, while MFs owned 7.16%.

The shares have slipped 17% over the past six months, declining to Rs 2,956 from Rs 3,575. In the June 2026 quarter, FIIs held a 6.36% stake, while MFs owned 9.49%.

Persistent Systems stock has dropped 16% in the last six months, falling to Rs 5,219 from Rs 6,242. In the June 2026 quarter, FIIs held a 20.79% stake, while MFs owned 21.32%.

The shares have declined 16% over the past six months, slipping to Rs 426 from Rs 508. During the June 2026 quarter, FIIs held a 13.32% stake, while MFs owned 32.29%.

The stock has fallen 16% in the last six months, declining to Rs 2,038 from Rs 2,417. In the June 2026 quarter, FIIs held a 10.33% stake, while MFs owned 18.66%.

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