The domestic benchmark equity index NSE Nifty 50 is down 13.5 per cent from its all-time high of 26,277.35, hit on September 27, 2024. On Monday, February 17, Nifty 50 opened the session in the red territory, extending losses for the ninth consecutive day.
The index has been on a strong downtrend since October and has witnessed several of its constituents falling more than 30 per cent from their respective 52-week highs. Adding more to the downtrend are some of the Nifty Midcap 100 and Nifty Smallcap 100 stocks which have fallen more than 60 per cent.
Let’s take a look at these index stocks.
Nifty 50 Index: These 12 Stocks Are Down More Than 30 Per Cent
Adani Enterprises
At the top of the list is Adani Enterprises, which has tumbled 42.5% from its 52-week high of Rs 3,743.90. As of February 14, the stock closed at Rs 2,152.65 per share.
Tata Motors
Auto major Tata Motors has crashed 42.27 per cent from its 52-week high of Rs 1,179. On February 14, the stock closed at Rs 680.65 apiece.
Trent
Tata group’s fashion retail chain operator Trent has fallen 38.68 per cent from its 52-week peak of Rs 8,345 per share.
Hero MotoCorp
Shares of the world’s largest two-wheeler maker Hero MotoCorp have declined 38.16 per cent from its 52-week high of Rs 6,246.25. The auto stock had closed at Rs 3,863.40 on February 14.
IndusInd Bank
India’s fourth largest private lender by market cap IndusInd Bank’s shares have dropped 35 per cent from its 52-week high of Rs 1,576.35. On February 14, the bank’s stock ended at Rs 1,024.40 apiece.
Coal India
PSU stock Coal India has corrected 34.84 per cent from its 52-week high of Rs 543.55. On Friday, it closed at Rs 354.20 per share.
Adani Ports & SEZ
Shares of Adani Ports & Special Economic Zone have fallen 34.45 per cent from its 52-week high of Rs 1,621.40. The stock ended at Rs 1,062.70 on February 14.
Asian Paints
India’s largest paints company by market share Asian Paints’ stock has declined 34.27 per cent from its 52-week high of Rs 3,394.90. It ended at Rs 2,231.30 per share on Friday 14.
Bajaj Auto
Shares of the world’s largest three-wheeler maker Bajaj Auto have cracked 33.41 per cent from its 52-week high of Rs 12,774. On Friday 14, the auto stock settled at Rs 8,506.50.
Bharat Petroleum
Shares of Maharatna PSU Bharat Petroleum Corporation have slipped 33.24 per cent from its 52-week high of Rs 376. The oil and gas company’s shares on February 14 closed at Rs 251 apiece.
ONGC
Shares of Oil and Natural Gas Corporation (ONGC) have dropped 33.19 per cent from its 52-week high of Rs 345. The state-owned oil marketing company’s shares closed at Rs 230.5 per share on February 14.
NTPC
Shares of the state-owned NTPC is last on the list, having declined 33.02 per cent from its 52-week high of Rs 448.45 apiece. It closed at Rs 300.35 on February 14.
Top Losers From Nifty Midcap 100 And Nifty Smallcap 100
Among the Nifty Midcap 100 stocks, Mangalore Refinery Petrochemicals fell the most, about 61.74 per cent, from its 52-week high. Following it are Cochin Shipyard (-58.51 per cent) and Vodafone Idea (-57.19 per cent).
From the Nifty Smallcap 100 index, Sterling and Wilson corrected the most from its 52-week high, about 68.53 per cent, followed by Chennai Petroleum (-62.4 per cent), Titagarh Rail Systems (-57.58 per cent), Ircon international (-55.09 per cent), ITI (-54.35 per cent), Garden Reach Shipbuilders (-52.33 per cent), JBM Auto (-51.01 per cent), and RailTel Corporation (-50.46 per cent).
