63 Indian stocks lose over half their value since last Diwali
In short
At least 63 Indian stocks worth more than Rs 1,000 crore each have fallen more than half since last Diwali. The report says some have dropped 60% to 95%, and Elitecon International was down 96%.
This matters because it shows severe weakness across parts of the market. The report does not say what caused the selling or whether the slide has ended.
What the reporting says
At least 63 stocks with market capitalisation above Rs 1,000 crore have lost more than half their value since last Diwali, according to an Economic Times Stocks summary. The report says some names fell 60% to 95%, with Elitecon International down 96% and Reliance Infrastructure, Kothari Industrial Corporation and Fischer Medical Ventures also among the worst performers. The cause of the broad selloff was not stated, and the story does not say whether the declines have stabilized.
Why it matters
At least 63 Indian stocks with market value above Rs 1,000 crore have fallen more than 50% since last Diwali, based on an Economic Times Stocks summary. Elitecon International was the weakest, down 96%, while Reliance Infrastructure, Kothari Industrial Corporation and Fischer Medical Ventures were also highlighted. The reporting points to a broad selloff across sectors, but it does not identify a specific trigger or say how long the pressure may continue.