Why did Waaree Energies crash 9% today despite reporting robust results?

Why did Waaree Energies crash 9% today despite reporting robust results?

Shares of India’s largest solar module manufacturer tumbled 9 percent despite reporting strong quarterly results. The unexpected decline has raised eyebrows among investors, prompting questions about what’s driving the negative sentiment despite the company’s solid performance on paper.

Price Movement 

During Friday’s trading session, Waaree Energies Ltd reached an intra-day low of Rs.2,590.20 per share, falling 8.9 percent from its previous close of Rs.2,839.90 each. However, the stock recovered a bit before closing at Rs.2,668.10 apiece.

What Happened 

Waaree Energies shares came under pressure following the expiry of the shareholder lock-in period on April 25, making 15 crore shares eligible for trading. These shares account for 53 percent of the company’s outstanding equity, sparking concerns of potential sell-offs in the market.

The sharp dip in share price reflects investor caution, even though the company posted robust Q4 results with strong growth in both profit and revenue. Despite the volatility, analysts note that the unlocking does not imply all shares will be sold, but the increased float could impact near-term sentiment.

Financial Performance

In Q4 FY25, the company reported revenue of Rs.4,140.92 crore, marking a 37 percent increase from Rs.3,007.44 crore in Q4 FY24. On a quarterly basis, revenue surged 17 percent from Rs.3,545.27 crore in Q3 FY25, highlighting steady business expansion.

Net profit for the quarter witnessed a 36 percent year-on-year rise to Rs.644.47 crore, compared to Rs.475.16 crore in the similar quarter of previous year. Additionally, on a quarterly basis, net profit saw a 27 percent jump from Rs.506.88 crore in Q2 FY25, demonstrating robust earnings growth.

Business Highlights 

Waaree Energies currently has a solar module manufacturing capacity of approximately 15 GW and a cell manufacturing capacity of 5.4 GW. Its US manufacturing facility became operational in January 2025, marking a key milestone in its global expansion strategy. The company also completed its first year of operations under IndoSolar following its acquisition.

For the full year, the company reported a profit of Rs.55 crores. It holds a robust order book valued at Rs.47,000 crores and has Rs.15,550 crores in available funds, providing strong financial backing for future growth and capacity enhancements.

Expansion in Backward Integration

The company is deepening its backward integration with a 6 GW ingot and wafer facility set for FY27, alongside its existing 5.4 GW cell capacity. Its 15 GW solar module capacity will expand by 4.8 GW in FY26–27, supported by tech collaborations for Perovskite tandem cells. These steps aim to boost efficiency and control across the solar value chain.

It is also investing in energy storage, with a 3.5 GWh lithium-ion cell facility expected by FY27. In green hydrogen, the company has secured PLI approval for a 300 MW electrolyser plant, also set to be operational by FY27. These moves underline its focus on clean energy and self-reliance.

Forward Integration 

The company is actively strengthening its power infrastructure segment with the ongoing acquisition of EGPIPL. It recently won RUMSL’s 170 MW project and has secured connectivity for nearly 1 GW. A 3 GW inverter manufacturing facility, capable of producing three lakh units annually, is under construction and expected to be operational by Q4 FY26. In the EPC space, the company has 3.2 GW under execution and manages a 695 MWp O&M portfolio of solar power plant assets.

EBITDA Guidance 

The company is projecting strong year-on-year growth in EBITDA, driven by rising demand and continued operational excellence. For FY26, it has provided guidance indicating expected EBITDA in the range of Rs.5,500 to Rs.6,000 crores, reflecting confidence in its growth trajectory and efficient execution capabilities.

Written by – Ashok Kumar

Defence stock to buy now for an upside of more than 20%; Do you own it?

Defence stock to buy now for an upside of more than 20%; Do you own it?

The shares of the Defence company specializing in manufacturing bulk explosives, packaged explosives, and initiating systems for the mining, infrastructure, and construction industries, are in focus after a leading Indian brokerage firm, ICICI Securities, initiated a revised  Buy target on it with a 23 percent Upside Potential.

Price action

With a market capitalisation of Rs. 1,17,834.34 crores on Thursday, the shares of Solar Industries India Ltd jumped upto 1.5, making a high of Rs. 13281.00 per share compared to its previous closing price of Rs. 13081.25 per share.

Company Overview

Solar Industries India Limited (SIIL), founded in 1995, has become the leading manufacturer of industrial explosives in India, commanding around 30 percent of the market share. The company operates the world’s largest facility for packaged explosives and has a strong export presence, supplying products to 65 countries.

What Happened 

Solar Industries India Limited, engaged in manufacturing bulk explosives, packaged explosives, and initiating systems for the mining, infrastructure, and construction industries, is in focus after a leading indian brokerage firm, ICICI Securities, initiated revised a Buy Target of Rs. 16,000 (Earlier Rs. 13,720) on it with an upto 23 percent Upside Potential.

The reasons for the “Buy” target

Defence Business Expansion: The company is significantly scaling its defence operations, with its order book growing from INR 26bn to INR 130bn in FY25. This includes supplying systems and platforms, diversifying away from consumables, and capitalising on global trends like the European rearmament and ammunition shortages.

Global and Domestic Tailwinds: The company is well-positioned to take advantage of global defence trends, with a growing share of export orders (around 50 percent) reducing execution risks and customer concentration.

Healthy Financial Position: SOIL is expected to be net cash positive by FY25E and maintain low working capital days (under 90). This allows the company to invest up to INR 150bn by FY30E, supporting robust growth without excessive debt.

Strong Return Metrics: SOIL’s RoCE and RoE remain strong (27.3% and 35.2% respectively in FY25E), indicating efficient capital usage and high profitability, which supports a premium valuation multiple.

Strong EPS Growth: SOIL is expected to achieve a 35% CAGR in EPS through FY27E, driven by its expanding defence business, high-margin segments, and continued market leadership in explosives and defence products.

Rising P/E Multiple: Given the company’s sustained growth prospects, particularly in the high-margin defence segment, the analysts raised the P/E multiple to 70x (from 60x), justifying a higher target price of INR 16,000.

Product Offerings

Solar Industries India Limited offers a wide range of products, including industrial explosives, explosive initiating systems, defence explosives, and export products, catering to both domestic and international markets.

Industrial Explosives as per recent data (86 percent in FY24 vs 91 percent in FY22): The company manufactures bulk explosives, packaged explosives, and initiating systems, finding applications in the mining, infrastructure, construction, Defence, and Space sectors.

Order Book

As of  Q3FY25 solar Industries Company Limited has maintained an order book of Rs. 7,122 crore, which includes orders from defence and CIL (Coal India Limited) & SCCL (Singareni Collieries Company Limited), and many more.

Financials 

The company’s revenue rose by 37.6 percent from Rs. 1,440.05 crore to Rs. 1,982.62 crore in Q3FY24-25. Meanwhile, the Net profit rose from Rs. 203.33 crore to Rs. 314.87 crore during the same period.

Written by Ashok Kumar

Book value 500% higher than their market cap to add to your watchlist

Book value 500% higher than their market cap to add to your watchlist

Book value represents a company’s net worth based on its balance sheet. It’s calculated by subtracting total liabilities from total assets. This value helps investors assess whether a stock is overvalued or undervalued compared to its current market price. Essentially, it shows what the company is worth on paper according to its financial records.

ICICI Bank and 4 other stocks with returns of up to 4,500% in 5 years to keep an eye on

In this article, we will look at some of the companies in India whose book value per share exceeds their current market value.

1. Summit Securities Ltd

Summit Securities Limited is a Mumbai-based non-banking financial company (NBFC) that focuses on investment and financial activities. It primarily makes long-term investments, mainly in equity markets, with a preference for companies in the real estate sector. The company was originally known as RPG Itochu Finance Limited and was incorporated on January 30, 1997.

The company reported a revenue of Rs 102 crore in FY24, up by 100 percent, from its FY23 revenue of Rs 51 crores. It has a net profit of Rs 76 in FY24, up by 105 percent, from its FY23 net profit of Rs 37 crore. It has a book value per share of Rs 10,300 as compared to its CMP of Rs 2,044, i.e., five times its CMP.

2. Kalyani Investment Company Ltd

Kalyani Investment Company Limited is a core investment company based in Pune, India, and was incorporated in 2009. It focuses on investing in group companies across sectors such as forging, steel, power, chemicals, and banking. As a non-deposit taking firm, it mainly holds long-term investments. The company operates as a subsidiary of Sundaram Trading and Investment Private Limited.

The company reported a revenue of Rs 67 crore in FY24, up by 19 percent, from its FY23 revenue of Rs 56 crores. It has a net profit of Rs 70 crore in FY24, up by 20 percent, from its FY23 net profit of Rs 58 crore. It has a book value per share of Rs 24,032 as compared to its CMP of Rs 4,644,  i.e., five times its CMP.

3. Zuari Industries Ltd

Zuari Industries Limited, based in Gurugram and incorporated in 1967, operates across multiple sectors including agriculture, engineering, real estate, power, furniture, and financial services both in India and abroad.

The company’s business segments include engineering services, furniture manufacturing, real estate development, sugar production, power generation from by-products, ethanol manufacturing, investment services, and management consultancy. It also offers insurance and commodity broking services, along with mutual fund distribution.

The company reported a revenue of Rs 838 crore in FY24, down 12 percent, from its FY23 revenue of Rs 955 crores. It has a net profit of Rs 713 crore in FY24, up by 130 percent, from its FY23 net profit of Rs 309 crore. It has a book value per share of Rs 1,717 as compared to its CMP of Rs 280,  i.e., six times its CMP.

Written by Ashok Kunar

Steel stock with CAPEX plans of ₹1,015 Crores

Steel stock with CAPEX plans of ₹1,015 Crores

The share of this small-cap company, engaged in the iron and steel manufacturing business, jumped up to 8 percent, after the Board of directors declared capex plans of Rs. 1,015 Crores to expand operational capacities.

Price movement

With the market capitalization of Rs 11,205 crores, the share price of Gallantt Ispat Limited is up by 4 Percent compared to the previous close of Rs 449.05, and made a day’s high of Rs 486.30.

What Happened

They have announced a capex of Rs 1,014  Crores for the below expansion and Captive Solar Power, which shall be funded by the Company through Internal Accruals without borrowing any debt, and it shall be completed by March 2026.

Product UnitsUnitExisting CapacityProposed Addition in CapacityTotal Capacity After Addition
Steel BilletsMT528000272250800250
Rolling MillMT528000277200805200
Sponge IronMT544500115500660000
PelletMT792000198000990000
Captive Power Plant (Thermal and Waste Heat Recovery Boiler)MW7822100
Captive Solar Power PlantMW0100100

About the company 

Gallantt Ispat Ltd. is a company primarily focused on iron and steel manufacturing, including products like sponge iron, billets, and TMT bars. They also have ventures in food grains, selling wheat flour products like Atta, Maida, and Suji. Additionally, the company has a real estate project, Shalimar Gallantt, a group housing project in Lucknow.

Financial Highlights

This company reported a revenue of Rs 1,118 Crores in Q3 FY25 up by 5 percent, from it Q3 FY24 revenue of Rs 1,063 crores, It posted a net profit of Rs 114 crore in Q3 FY25, up by 119 percent, from its Q3FY24 net profit of Rs 52 crores.

Written by Ashok

Order book 330% higher than its market cap

Order book 330% higher than its market cap

This EPC stock provides turnkey solutions for high and super high rises, housing, urban infrastructure and others. The company’s strong order book stands at 3.4 times higher than the market capitalization.

Stock Performance

With a market capitalization of Rs 3,053.36 crore, the shares of Capacite Infraprojects Ltd closed at Rs 360.90 per share, indicating a 2 percent increase compared to its previous closing price.

Company Overview 

Capacite Infraprojects Ltd, specialising in EPC offers comprehensive construction services for buildings and factories across various sectors. The company has delivered projects across different building segments including residential and commercial buildings for various purposes like hospitality, healthcare and education.

Orderbook Analysis

As of December 2024, the company’s order book stands at Rs 10,047 crores. The order inflow during FY25 alone stood at Rs  1,459 crore, about half of its market capitalization. Further, in FY25, the company added Signature global (India) Limited to its growing portfolio, as its client.

Around 63 percent of the company’s order book comes from public sector projects. Project-wise, a majority (83 percent) of the order book comes from highrise projects. Notably, 51 percent of the total value belongs to residential projects.

Marquee Client Base 

Capacite Infraprojects has renowned customers in both public and private sectors. In the public space, the clients include CIDCO, BSNL and Indian Oil among others. The company’s private sector clients comprise companies like Oberoi Realty, Godrej Properties, Brigade, Prestige and DLF.

Ace Investor Holding

Renowned Indian ace investor, Mukul Mahavir Agarwal holds a 6.09 percent stake or 51.5 lakh equity shares in Capacite Infraprojects Ltd as of Q3 FY25.

Financial Performance

When looking at the financial statements, the company reported a 23 percent increase in its revenue from Rs 481 crore to Rs 590 crore in Q3 FY24-25. This was accompanied by a sharp 73 percent growth in net profits from Rs 30 crore to Rs 52 crore during the same period.

Written by Ashok Kumar

Stocks in Focus: KPIT Technologies, Tata Elxsi, and…..

Stocks in Focus: KPIT Technologies, Tata Elxsi, and…..

The Indian IT sector is expected to experience a mixed performance in 2025, influenced by both positive and negative factors.

IT spending in India is projected to grow by 11.2 percent in 2025, reaching nearly $160 billion, with robust expansion expected in software and IT services. The sector stands to gain from increased investments in artificial intelligence (AI) and digital transformation initiatives.

Below is the list of information technology (IT) companies scheduled to announce their financial results for Q4 FY25: 

Wipro Limited 

With a market capitalization of Rs 2.51 lakh crores, on Friday, the shares closed at Rs 239.8 per share, increased around 1.3 percent as compared to the previous closing price. The company will announce results on 16th April 2025.

Infosys Limited 

With a market capitalization of Rs 5.85 lakh crore, on Friday, the shares closed at Rs 1,410.6 per share, increased around 0.5 percent as compared to the previous closing price. The company will announce results on 17th April 2025.

Tata Elxsi Limited 

With a market capitalization of Rs 29,591.2 crore, on Friday, the shares closed at Rs 4,751 per share, decreased around 0.1 percent as compared to the previous closing price. The company will announce results on 17th April 2025.

Mastek Limited 

With a market capitalization of Rs 6,837.7 crore, on Friday, the shares closed at Rs 2,210 per share, increased around 3.7 percent as compared to the previous closing price. The company will announce results on 18th April 2025.

HCL Technologies Limited 

With a market capitalization of Rs 3.78 lakh crore, on Friday, the shares closed at Rs 1,394.8 per share, increased around 1.04 percent as compared to the previous closing price. The company will announce results on 22nd April 2025.

LTIMindtree Limited 

With a market capitalization of Rs 1.25 lakh crore, on Friday, the shares closed at Rs 4,241.95 per share, increased around 3.2 percent as compared to the previous closing price. The company will announce results on 23rd April 2025.

Cyient Limited 

With a market capitalization of Rs 12,714 crore, on Friday, the shares closed at Rs 1,145 per share, decreased around 0.3 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

L&T Technology Services Limited 

With a market capitalization of Rs 43,701.8 crore, on Friday, the shares closed at Rs 4,127.5 per share, increased around 1 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Mphasis Limited 

With a market capitalization of Rs 41,095.4 crore, on Friday, the shares closed at Rs 2,162.05 per share, increased around 2 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Persistent Systems Limited 

With a market capitalization of Rs 70,833.8 crore, on Friday, the shares closed at Rs 4,545 per share, increased around 3.2 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Tech Mahindra Limited 

With a market capitalization of Rs 1.25 lakh crore, on Friday, the shares closed at Rs 1,283.2 per share, increased around 1 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Firstsource Solutions Limited

With a market capitalization of Rs 22,387.3 crore, on Friday, the shares closed at Rs 321.2 per share, increased around 3 percent as compared to the previous closing price. The company will announce results on 28th April 2025.

KPIT Technologies Limited 

With a market capitalization of Rs 30,682.2 crore, on Friday, the shares closed at Rs 1,119.2 per share, increased around 4 percent as compared to the previous closing price. The company will announce results on 28th April 2025.

R.S. Software (India) Limited 

With a market capitalization of Rs 166.2 crore, on Friday, the shares closed at Rs 64.35 per share, decreased around 2 percent as compared to the previous closing price. The company will announce results on 30th April 2025.

Written by Ashok Kumar

3 Stocks in which FIIs hold up to 44%

3 Stocks in which FIIs hold up to 44%

Foreign Institutional Investors (FIIs) play a significant role in shaping market sentiment and influencing stock performance in India. Their investment patterns are closely tracked by analysts and investors alike. A higher FII holding often indicates strong confidence in a company’s fundamentals and growth prospects, making it a key indicator of market attractiveness and global investor interest.

Here are the stocks in which FII has the highest percentage of holding:

1. Home First Finance Company India Ltd

Home First Finance Company India Limited is an India-based housing finance company. The Company is primarily engaged in the business of lending housing loans, loans for the purpose of purchasing a commercial property, loans against property, and construction finance. With a market capitalization of Rs 9,187 crore, the shares were trading at Rs 1,020 per share, increasing around 3.21 percent as compared to the previous closing price.

The latest shareholding pattern shows foreign institutional investors holding the largest stake at 36.00 percent, followed by retail investors at 29.93 percent, domestic institutional investors at 19.82 percent, and promoters owning 14.25 percent. This reflects strong institutional interest, with FIIs leading in ownership, and a significant retail investor presence.

Also read: 50% Crashed 5 Nifty 50 Stocks in Just 6 Months — Why ?

2. Eternal

Zomato Limited operates as an Internet portal that helps in connecting users, restaurant partners, and delivery partners. The Company also provides a platform to restaurant partners to advertise themselves to the target audience in India and abroad, and supplies ingredients to restaurant partners. With a market capitalization of Rs 2.04 lakh crore, the shares were trading at Rs 212 per share, decreasing around 1.56 percent as compared to the previous closing price.

The latest shareholding pattern shows foreign institutional investors holding the largest stake at 44.36 percent, followed by retail investors at 26.08 percent, domestic institutional investors at 23.47 percent, and promoters owning 0 percent. This reflects strong institutional interest, with FIIs leading in ownership, and a significant retail investor presence.

3. APL Apollo Tubes Ltd

APL Apollo Tubes Limited is a producer of structural steel tubes in India. The Company is engaged in the business of the production of electric resistance welded (ERW) steel tubes. Its multi-product offerings include over 1,100 varieties of pre-galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes, and hollow sections. With a market capitalization of Rs 40,358 crore, the shares were trading at Rs 1,454 per share, decreasing around 0.91 percent as compared to the previous closing price.

The latest shareholding pattern shows foreign institutional investors holding the largest stake at 31.72 percent, followed by retail investors at 23.45 percent, domestic institutional investors at 16.51 percent, and promoters owning 28.31 percent. This reflects strong institutional interest, with FIIs leading in ownership, and a significant retail investor presence.

Written by Ashok Kumar

 

Reliance Ind, BEL & 4 other stocks to buy now for an upside potential of 35%

Reliance Ind, BEL & 4 other stocks to buy now for an upside potential of 35%

According to global brokerage Macquarie, current market earnings projections remain overly optimistic. The firm also noted a slowdown in domestic liquidity, which has so far played a significant role in propping up the markets. As a result, Macquarie anticipates that the market’s strength may face challenges in the near term. Despite this cautious outlook, it has identified six Nifty stocks as short-term tactical investment opportunities for the next three to six months.

Following are the six stocks picked by Macquarie with up to 35percent potential upside:

1. Shriram Finance Limited

With a market cap of Rs. 1.23 lakh crores, the stock moved up by nearly 2 percent on Friday, after Macquarie has recommended a target price of Rs. 800 per share on Shriram Finance, representing a potential upside of nearly 22 percent from its Friday closing price of Rs. 654.15.

 

Macquarie believes that factors such as improving liquidity conditions, easing interest rates, consistent asset quality, and better growth compared to industry peers could act as short-term catalysts for the stock. The brokerage also referred to Shriram Finance as a “valuation catch-up” opportunity, highlighting that its current valuation lags behind some of its larger competitors by 50 percent to 60 percent.

 

 

 

2. Bharat Electronics Limited

Macquarie anticipates robust guidance from the management for the upcoming financial year. Additionally, growing export prospects are expected to support a stronger earnings per share (EPS) growth trend over the medium term.

With a market cap of Rs. 2.04 lakh crores, the stock moved up by nearly 3.4 percent on Friday, after Macquarie has recommended a target price of Rs. 350 per share on BEL, representing a potential upside of nearly 25 percent from its Friday closing price of Rs. 280.1.

3. Reliance Industries Limited

With a market cap of Rs. 16.3 lakh crores, the stock moved up by nearly 4.4 percent on Friday, after Macquarie set a target price of Rs. 1,500 per share on RIL, representing a potential upside of nearly 24 percent from its Friday closing price of Rs. 1,204.7. Macquarie attributed the stock’s recent underperformance to downward revisions in earnings estimates, a softer performance in the retail segment, and stagnant consolidated earnings growth.

However, it remains optimistic about the next 6 to 12 months, citing potential positive developments. These include an expected turnaround in group EPS, the commissioning of renewable energy projects, and further advancements toward the retail business spin-off. Brokerage added that a pickup in retail revenue growth would serve as a strong sentiment booster for the stock.

Also read: ₹50% Crashed 5 Nifty 50 Stocks in Just 6 Months — Why ?

4. Wipro Limited

With a market cap of Rs. 2.57 lakh crores, the stock moved up by nearly 3.7 percent on Friday, after Macquarie has recommended a target price of Rs. 320 per share on Wipro, representing a potential upside of nearly 30 percent from its Friday closing price of Rs. 246.25.

Brokerage noted that Wipro could offer greater shareholder returns, supported by its strong cash position, even after the new capital allocation policy. Macquarie estimates that the company could deliver a dividend yield of around 5 percent to 6 percent over the next one year, providing a cushion against downside risk.

An additional catalyst for the stock could be its growth aligning with that of other large-cap IT firms by the first quarter of FY26—a scenario Macquarie believes is not yet reflected in current buy-side forecasts.

 

5. Tata Motors Limited

 

With a market cap of Rs. 2.25 lakh crores, the stock moved up by nearly 6.7 percent on Friday, after Macquarie set a target price of Rs. 826 per share on Tata Motors, representing a potential upside of nearly 34 percent from its Friday closing price of Rs. 613.85.

Macquarie believes Tata Motors shares are currently in an oversold zone, with recent underperformance largely attributed to concerns over volume and margin pressures in Jaguar Land Rover’s U.S. operations.

However, the brokerage remains optimistic, pointing to JLR potentially turning net cash positive in FY25, the company’s focus on premiumisation, and the possibility of better-than-expected margins and cash flows in FY26 as key factors supporting a more favorable short-term outlook.

6. NTPC Limited

Regarding NTPC, Macquarie stated that the Indian Meteorological Department’s (IMD) heatwave warning is unlikely to have a significant impact on short-term earnings. However, it strengthens the case for power-based capacity additions in the long run.

The brokerage also noted that management providing further clarity on plans for nuclear power capacity could reinforce investor confidence in the company’s long-term growth prospects.

With a market cap of Rs. 3.4 lakh crores, the stock moved up by nearly 3 percent on Friday, after Macquarie set a target price of Rs. 475 per share on NTPC, representing a potential upside of nearly 35 percent from its Friday closing price of Rs. 350.85.

 

 

Written by Ashok Kumar

50% Crashed 5 Nifty 50 Stocks in Just 6 Months — Why ?

50% Crashed 5 Nifty 50 Stocks in Just 6 Months — Why ?

The last six months have been a rollercoaster for Indian equities, and not everyone has enjoyed the ride. While benchmark indices like Nifty 50 have remained relatively resilient, several heavyweight constituents have seen their valuations erode dramatically. From auto giants to financial services players, some stocks have nosedived by as much as 50.68%, triggering concerns among investors and analysts alike.

Let’s take a closer look at the five worst-performing stocks in the Nifty 50 index, analyzing what went wrong and whether there’s any silver lining for the future.

1. IndusInd Bank – Down 50.68%

Current Price: ₹684
6-Month Performance: -50.68%

Leading the list is IndusInd Bank, which has seen a staggering 50% decline in just half a year. The sharp fall is largely attributed to rising concerns over asset quality, especially in the microfinance and unsecured lending segments. Regulatory tightening by the RBI and a risk-off sentiment toward private banks have further worsened investor confidence. Additionally, the broader global financial uncertainty has had a knock-on effect on Indian banking stocks.

2. Jio Financial Services – Down 35.67%

Current Price: ₹222.55
6-Month Performance: -35.67%

Despite the hype surrounding its spin-off from Reliance Industries, Jio Financial Services hasn’t quite lived up to the expectations. The stock has tumbled nearly 36%, primarily due to a lack of clear direction and revenue visibility in its initial quarters. Investors were expecting aggressive growth or strategic announcements, but the absence of major deals or partnerships has kept the stock under pressure.

Fig: Nifty 50 stocks 6 months returns. (Source: Trade Brains Portal)

3. Hero MotoCorp – Down 35.38%

Current Price: ₹3,659.2
6-Month Performance: -35.38%

India’s largest two-wheeler manufacturer, Hero MotoCorp, has seen its stock underperform due to a combination of weak rural demand, rising input costs, and stiff EV competition. Despite efforts to foray into the electric vehicle space, the transition has been slower than expected. With competitors like Ola Electric and Ather Energy gaining traction, Hero is under pressure to innovate faster.

4. Bajaj Auto – Down 34.91%

Current Price: ₹7,685.1
6-Month Performance: -34.91%

Another automobile behemoth, Bajaj Auto, has seen its stock take a beating amid declining export volumes and currency fluctuations in key markets like Africa and Latin America. Moreover, increasing competition in the premium motorcycle segment and concerns around margin pressure have led investors to reassess the stock’s valuation.

5. Tata Motors – Down 34.05%

Current Price: ₹613.8
6-Month Performance: -34.05%

Rounding out the list is Tata Motors, which has slipped over 34% despite a relatively strong domestic performance. The drag has largely come from its UK-based subsidiary, Jaguar Land Rover (JLR), which has faced production challenges, slowing global demand, and uncertainties around EV transition in international markets. Supply chain disruptions and global inflation have also weighed on profitability.

Global Headwinds Amplifying the Pain

The broader backdrop of rising interest rates, global inflation concerns, and geopolitical tensions has only added fuel to the fire. The ongoing trade war and protectionist policies, including tariffs introduced by the U.S. under Trump’s influence, have created ripple effects across global markets, including India.

Investors are increasingly seeking safe havens and shifting away from sectors perceived as risky or overvalued. The result? A sharp correction in stocks that were once market favorites.

Looking Ahead

While these stocks have taken a hit, long-term investors might view this correction as a potential buying opportunity, provided the companies show signs of recovery in fundamentals. However, caution is advised, especially with continued volatility expected in the near term.