The slump in nearly one-third of the stocks has been as severe as the Covid-led sell-off in March 2020. Among 1,472 stocks with a market capitalisation of over Rs 1,000 crore, 29 have plunged between 50% and 70% from their yearly highs, while 53...
By ET Bureau |
iStock
In the mid-cap segment, Vodafone Idea, Cochin Shipyard, and MRPL have fallen over 50% from their yearly highs.
The declines in Sensex and Nifty in the past month may not be reflecting the real pain in the broader market. While both benchmark indices have declined about 6.5% from their all-time highs late in September, many mid-cap and small-cap stocks have tumbled by 25-70% from their yearly highs.
The slump in nearly one-third of the stocks has been as severe as the Covid-led sell-off in March 2020. Among 1,472 stocks with a market capitalisation of over Rs 1,000 crore, 29 have plunged between 50% and 70% from their yearly highs, while 533 have fallen between 25% and 50%.
A decline of more than 20% in an index or a stock from its highs typically signals a bearish trend. Among large-caps, Indian Railway Finance Corp, the favourite of many retail investors in the recent bull run, has dropped 40% from its 52-week high, while Hindustan Zinc, Macrotech, Adani Power, and Punjab National Bank have declined between 30% and 40%. In the mid-cap segment, Vodafone Idea, Cochin Shipyard, and MRPL have fallen over 50% from their yearly highs.
Multibagger Tata stock delivers Rs 1 lakh crore shock, turns into worst Nifty performer of 20252025-12-09T03:34:45Z
