Midcap Meltdown: 12 stocks slide up to 50% from 52-week highs, FIIs cut stakes
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Midcap Meltdown
The broader market has undergone a sharp correction, with the Sensex falling nearly 8% from its 52-week high. In contrast, the BSE 150 MidCap index has been relatively resilient, slipping only around 3%. But beneath this surface stability lies considerable damage — 42 midcap stocks in the index have corrected between 25% and 50%.
To understand the deeper trend, we analysed FII activity in the March 2026 quarter, using shareholding data available for about 135 midcap companies. The numbers offer valuable insight into foreign investor sentiment amid the selloff.
Within the 13 worst-performing midcap stocks — each down 35% to 50% — FIIs cut their stakes in 12 names, underscoring the cautious positioning in the segment.
(Data Source: ACE Equity)
To understand the deeper trend, we analysed FII activity in the March 2026 quarter, using shareholding data available for about 135 midcap companies. The numbers offer valuable insight into foreign investor sentiment amid the selloff.
Within the 13 worst-performing midcap stocks — each down 35% to 50% — FIIs cut their stakes in 12 names, underscoring the cautious positioning in the segment.
(Data Source: ACE Equity)
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KPIT Technologies
The stock has fallen by 48% to Rs 745 from its 52-week high of Rs 1,433. In the March ’26 quarter, FIIs holding decreased to 13.25% from 13.57% in December ’25.
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Godfrey Phillips India
The stock has fallen by 46% to Rs 2,113 from its 52-week high of Rs 3,945. In the March ’26 quarter, FIIs holding declined to 7.91% from 8.15% in December ’25.
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Hexaware Technologies
The stock has fallen by 45% to Rs 491 from its 52-week high of Rs 900. In the March ’26 quarter, FIIs holding dropped to 4.20% from 8.15% in December ’25.
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Kaynes Technology India
The stock has fallen by 45% to Rs 4246 from its 52-week high of Rs 7705. In the March ’26 quarter, FIIs holding reduced to 7.28% from 8.87% in December ’25.
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Swiggy
The stock has fallen by 40% to Rs 284 from its 52-week high of Rs 473. In the March ’26 quarter, FIIs holding declined to 14.59% from 16.07% in December ’25.
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Dixon Technologies (India)
The stock has fallen by 39% to Rs 11268 from its 52-week high of Rs 18472. In the March ’26 quarter, FIIs holding slightly decreased to 18.30% from 18.68% in December ’25.
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Cochin Shipyard
The stock has fallen by 39% to Rs 1557 from its 52-week high of Rs 2547. In the March ’26 quarter, FIIs holding increased to 3.10% from 2.74% in December ’25.
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Jubilant FoodWorks
The stock has fallen by 35% to Rs 472 from its 52-week high of Rs 728. In the March ’26 quarter, FIIs holding declined to 17.29% from 18.59% in December ’25.
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AWL Agri Business
The stock has fallen by 35% to Rs 189 from its 52-week high of Rs 289. In the March ’26 quarter, FIIs holding rose to 21.86% from 21.15% in December ’25.
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United Breweries
The stock has fallen by 35% to Rs 1498 from its 52-week high of Rs 2291. In the March ’26 quarter, FIIs holding declined to 4.94% from 5.50% in December ’25.
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Bharat Dynamics
The stock has fallen by 34% to Rs 1375 from its 52-week high of Rs 2096. In the March ’26 quarter, FIIs holding decreased to 2.02% from 2.29% in December ’25.
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SBI Cards And Payment Services
The stock has fallen by 34% to Rs 680 from its 52-week high of Rs 1023. In the March ’26 quarter, FIIs holding declined to 9.54% from 10.14% in December ’25.
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K.P.R. Mill
The stock has fallen by 34% to Rs 923 from its 52-week high of Rs 1395. In the March ’26 quarter, FIIs holding edged up to 6.64% from 6.49% in December ’25.