​BPCL, IDBI Bank, among 10 stocks that crashed up to 54% since Iran-US war began

Stock markets globally have seen sharp downturns in March so far, with Dalal Street being no exception, as the raging war between Iran and US-Israel triggered a skyrocketing rally in oil prices. Here are 10 stocks with market capitalisation of more than Rs 1,000 crore that have fallen the most since the beginning of this month.

Aqylon Nexus shares have fallen around 54% in March so far. Formerly known as Sri Adhikari Brothers Television Network, the company builds high-performance technology systems on a foundation of nuclear clean energy. Its Nukler-powered data centres enable continuous, low-carbon compute while in-house subsystems drive efficiency. The stock is down nearly 66% in 2026 so far.

Blue Pearl Agriventures shares have fallen around 46% in March so far. The company is engaged in the manufacturing, processing, marketing, trading, import, export, improving, selling and dealing in various agro-food products like spices, oil seeds, vegetables, and herbs.

IDBI Bank shares have declined 42% in March so far. The sharp decline in the share price was driven by reports claiming that the government may halt the lender’s divestment process and scrap existing bids as they fell short of the government’s floor price.

Rajesh Exports shares have declined more than 38% in March so far. The company is a leading Indian multinational company and the world's largest processor of gold, handling approximately 35% of the global gold production.

CIAN Agro Industries & Infrastructure shares have declined more than 36% in 2026 so far. The company operates across multiple business divisions. Its food segment includes oils, spices, and ready-to-use products such as Kitchen Queen Masala, Biryani Masala, Chat Masala, filtered groundnut oil, and refined soybean oil. The personal care range features Abyayngam Luxurious Revitalizing Oil, assorted luxurious soaps, Oir Herbal Soap, Oir Lavender Handwash, and sugarcane-based face and facial kits.

Fino Payments Bank shares have fallen more than 33% in March so far. This came after GST authorities arrested the lender’s CEO Rishi Nand Kishore Gupta for allegedly violating the law related to Goods and Services Tax (GST) in February. The shares of the lender have declined around 52% in 2026 so far.

SpiceJet shares have fallen nearly 33% as oil prices rallied since the outbreak of the war in the Middle East, after Iran promised to attack any ship trying to pass through the Strait of Hormuz. The shares of the airline have fallen nearly 64% in the past six months.

Embassy Developments shares have fallen nearly 38% in March so far. Embassy Developments Limited—formerly Equinox India Developments and earlier known as Indiabulls Real Estate—has a diversified real estate portfolio spanning Bengaluru, MMR, NCR, and multiple tier-II markets.

Bharat Petroleum Corporation shares have fallen over 26% since the outbreak of the war as oil prices rallied, raising worries for the oil marketing companies (OMCs) which were among the most exposed sectors.


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