NIFTY100 Stocks See Significant Decline: ITC, Mazagon Dock, and Bajaj Housing Finance Among the Worst Hit

The NIFTY50 and SENSEX have kicked off the year 2026 on a lower note, with both benchmark indices down 3.1% and 3.4%, respectively. The domestic market sell-off has been driven by multiple headwinds impacting investors' sentiments.

Foreign institutional investors (FIIs) have been continuous sellers of Indian equities for the past several months, and January 2026 is no different. FIIs have sold Indian equities worth ₹41,435 crore in January, making them the net sellers for the seventh straight month. For the last several years, FIIs used to be the backbone of the Indian markets, but right now, foreign investors are selling continuously amid Indian rupee depreciation, which lowers Dollar returns. As a result, FIIs sell-offs have hampered the overall sentiments of the investors.

From the global geopolitical perspective, 2026 didn’t start on a positive note. On January 3, 2026, the United States conducted a large-scale military operation in Venezuela and captured President Nicolás Maduro. This was followed by US President Donald Trump's threat to acquire Greenland and the announcement of additional 10% import tariffs on European nations. After this, US-Iran tensions are also on the rise. These global events have made the global and domestic stock markets very volatile, leading to a recent fall in benchmark indices.

The third-quarter earnings season has been mixed, with NIFTY50 heavyweights like Reliance Industries and ICICI Bank reporting flat earnings, which has weighed on investors' sentiments. High market volatility and a downfall in benchmark indices have resulted in weak returns in several prominent stocks.

Here is a list of NIFTY100 stocks down 25% or more from their 52-week high after the recent market fall:

| Stock Name | % fall from 52-week high | CMP | 52-week high | Market Cap | |-----------------------------|--------------------------|-------------|--------------|-------------------| | Trent | 39.9% | ₹3,766 | ₹6,270.4 | ₹1.3 lakh crore | | Lodha Developers | 36.5% | ₹971 | ₹1,531 | ₹96,995 crore | | Bajaj Housing Finance | 33.5% | ₹90.9 | ₹136.96 | ₹75,782 crore | | Mazagon Dock Shipbuilders | 31.8% | ₹2,573 | ₹3,775 | ₹1.03 lakh crore | | ITC | 31.6% | ₹322 | ₹471.5 | ₹4.03 lakh crore | | Siemens Energy India | 31.5% | ₹2,480 | ₹3,625 | ₹88,328 crore | | DLF | 28.3% | ₹635 | ₹886.8 | ₹1.57 lakh crore | | Adani Green Energy | 27.7% | ₹851 | ₹1,177.5 | ₹1.4 lakh crore | | Max Healthcare | 27.1% | ₹957 | ₹1,314.3 | ₹93,135 crore | | InterGlobe Aviation | 26.1% | ₹4,605 | ₹6,232.5 | ₹1.78 lakh crore |

current market price (CMP) as on 30 January closing

Tata group company Trent's share price has significantly corrected from its 52-week high of ₹6,270.4. The stock has underperformed as investors turned cautious amid a fall in same-store sales growth, as well as Trent's margins coming under pressure due to aggressive expansion.

Real estate major Lodha Developers and DLF have declined 36.5% and 28.3% from their 52-week highs. Lodha Developers reported pre-sales of ₹5,620 crore in the third quarter, marking a 25% increase YoY. The company posted a marginal rise in Q3 profitability at ₹956.9 crore. Meanwhile, DLF's new sales booking in the December quarter fell sharply to ₹419 crore, compared to ₹12,093 crore in the year-ago period. Despite lower sales, the company reported a 13.6% rise in net profit to ₹1,203.36 crore in the third quarter. Investors have turned cautious towards the real estate market amid the cyclic nature of the industry, which performs well and sees high demand when the overall economic prospects of the country are positive. In the recently concluded third quarters, Oberoi Realty and others have reported weak pre-sales numbers. As a result, the NIFTY Realty index declined 10.8% in January.

Defence PSU Mazagon Dock Shipbuilders shares have declined over 31% from their 52-week high amid a correction in broader markets. Investors await the latest quarterly earnings of the company. In the September quarter, Mazagon Dock reported a 28% YoY rise in net profit to ₹749 crore.

ITC shares have witnessed a steep fall in the last few months after recent excise duty hikes on cigarettes, which is a core revenue contributor to the company. The government has imposed a hiked excise duty on cigarettes, which will come into effect from 1 February 2026. This excise duty will be over and above the existing indirect tax, i.e., GST. Under the new structure, excise duty is charged on per 1,000 sticks, with rates ranging from ₹2,050 to ₹8,500 per 1,000 sticks, depending on the length and type of the cigarette. This excise duty hike has impacted investors' sentiments, leading to the company’s stock hitting a 52-week low of ₹316.45 on January 30, 2026.