Beaten-Down Stocks: These 30 Shares Took The Hardest Hit In Nifty 500 Over Six Months; Will They Rebound?
The correction in the Indian stock market has been continued for the past few months due to overvaluation. We've sifted top 30 loser stocks in Nifty 500 in the past six months.
Stock Market Today: Indian stock market’s downward trend persisted on Monday, with key indices extending their recent losses. The Nifty and Sensex marked their third consecutive week in the red last week. Sensex fell 1400 points or nearly 2 per cent fueled by weak global cues, US President Donald Trump’s tariffs and fleeing of FIIs from India.
Monday’s trading began with a promising 400-point surge, but the optimism was short-lived as the market quickly reversed course.
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By mid-morning, the Sensex had retreated 200 points to 72,985, slipping below its previous close of 73,198. The Nifty hovered around the 22,000 mark. The ongoing correction has taken a toll on many stocks, with several Nifty 500 components plummeting as much as 50% to reach six-month lows.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said “The main triggers for the sustained FII selling in India have been the high valuations and the attractive US bond yields. These important macros are undergoing a slow shift."
Largecap valuations are now fair and in segments like financials attractive. US 10-year bond yields have declined to 4.21%. So, there is a possibility of FIIs reducing their selling, going forward, he added.
Top 30 Loser Stocks Of Nifty 500 In Past Six Months:
| Stock | LTP (₹) | Half Yr Chg (%) |
| Data Patterns | 1361.1 | -50.53% |
| Grindwell Norton | 1391.3 | -42.56% |
| Balaji Amines | 1232 | -43.78% |
| Cera Sanitaryware | 5170.5 | -44.40% |
| Apar Industries | 5559.65 | -37.06% |
| BEML | 2378 | -37.40% |
| Deepak Nitrite | 1813 | -37.74% |
| Cyient | 1237.4 | -37.67% |
| KPIT Technologies | 1164.2 | -34.09% |
| Avenue Supermarts | 3387.05 | -32.26% |
| ABB | 4904.45 | -36.30% |
| Hero MotoCorp | 3659.75 | -34.39% |
| Hindustan Aeronautics | 3059.05 | -34.75% |
| Asian Paints | 2154.25 | -31.63% |
| Tata Communications | 1331 | -32.27% |
| Timken | 2404.7 | -36.49% |
| Colgate-Palmolive | 2401.1 | -33.85% |
| Dr. Lal Pathlabs | 2331.55 | -31.21% |
| PI Industries | 2962.95 | -35.28% |
| Raymond | 1263.75 | -37.05% |
| Supreme Industries | 3341.85 | -36.99% |
| Rattan Enterprises | 39.81 | -49.15% |
| Shree Renuka Sugars | 26.25 | -46% |
| Alok Industries | 15.02 | -43% |
| Easy Trip Planners | 11.32 | -41.98% |
| Network 18 | 40.6 | -57% |
| IFCI | 39.46 | -45% |
Source: Trendlyne (Around 10:30 AM, March 03)
Vijaykumar remarked that there is good news on India’s growth front. The Q3 GDP growth numbers picking up from 5.6% in Q2 to 6.2% in Q3 and suggesting above 7 % growth in Q4 is indicative of cyclical recovery which bodes well for the stock market.
“The correction in the market is an opportunity for long-term investors to buy high quality stocks. The February auto sales numbers reveal excellent performance from M&M and Eicher. IT stocks also are turning attractive," he added.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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