Nifty Midcap Stocks Experience Significant Declines of Up to 50%

Original: 14 Nifty midcap stocks plunge up to 50% from 52-week highs

The Economic Times•Apr 3, 20262 min

In a Nutshell

Recent market volatility has led to a sharp decline in midcap stocks, with 14 stocks plummeting between 40% and 50% from their 52-week highs. The Nifty index has dropped around 14%, while the Nifty Midcap 150 has fallen nearly 13%, indicating a severe market correction.

Key Points

0114 midcap stocks have fallen between 40% and 50% from their yearly highs.
02The Nifty index has decreased by approximately 14% from its peak.
03The Nifty Midcap 150 has dropped nearly 13% from its highest point.
04Stocks like Godfrey Phillips India and KPIT Technologies have seen declines of 52% and 51%, respectively.
05This broad sell-off reflects significant market volatility and investor uncertainty.

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Full Summary

The recent market turmoil has resulted in a substantial sell-off across various indices, particularly affecting midcap stocks. The benchmark Nifty index has fallen approximately 14% from its 52-week high, while the Nifty Midcap 150 has dropped nearly 13%. Notably, 14 midcap stocks have experienced declines ranging from 40% to 50% from their respective peaks. For instance, Godfrey Phillips India has plummeted 52% to ₹1,910 from its high of ₹3,947, and KPIT Technologies has seen a 51% drop to ₹697 from ₹1,435. Other significant decliners include Tata Investment Corporation and Hexaware Technologies, both down 51% from their highs. This widespread decline highlights the severity of the ongoing market correction, driven by investor concerns and volatility in the financial landscape.

Key Figures

14%

Decline in the Nifty index from its 52-week high

13%

Decline in the Nifty Midcap 150 from its peak

52%

Decline of Godfrey Phillips India from its 52-week high

51%

Decline of KPIT Technologies from its 52-week high

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Why It Matters

The significant decline in midcap stocks may affect investor confidence and could lead to reduced investment in the stock market, impacting individual investors and financial institutions.

Who is affected

Investors in midcap stocks and financial institutions.

What to know

Investors should review their portfolios and consider the implications of the market correction on their investments.

FAQ

The decline is attributed to recent market volatility and investor uncertainty, leading to a broad sell-off across indices.

Stocks like Godfrey Phillips India and KPIT Technologies have experienced the largest declines, falling 52% and 51%, respectively.

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