14 Nifty Midcap Stocks Crash 40-50% From 52-Week Highs
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- The Nifty benchmark has plunged approximately 14% from its 52-week high, while the Nifty Midcap 150 dropped nearly 13% from its peak during a broad-based market correction
- Godfrey Phillips India leads the decline, falling 52% to Rs 1,910 from its 52-week high of Rs 3,947
- KPIT Technologies, Tata Investment Corporation, and Hexaware Technologies each dropped approximately 51% from their respective yearly highs
- Cochin Shipyard decreased 48% to Rs 1,315 from Rs 2,545, and Dixon Technologies dropped 46% to Rs 9,921 from Rs 18,471
- Swiggy fell 42% to Rs 275 from its 52-week high of Rs 474, while Bajaj Housing Finance dropped 43% to Rs 78 from Rs 137
- Suzlon Energy, ITC Hotels, Bharat Dynamics, Rail Vikas Nigam, New India Assurance, and K.P.R. Mill round out the 14 names, each down 40-45% from their yearly highs
Why it matters: Investors holding these midcap names absorbed losses of 40-52%, with the damage spanning IT services, defense, hospitality, fintech, insurance, energy, and consumer brands. The cross-sector nature of the 14-stock list shows this isn't a sector rotation but a broad midcap repricing that erodes wealth for retail investors who chased the segment during the 2023-24 bull run.
