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  5. 20 NIFTY500 stocks have crashed over 30% in 2026; ITC, Infosys, TCS among worst hit

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20 NIFTY500 stocks have crashed over 30% in 2026; ITC, Infosys, TCS among worst hit

Abhishek Vasudev.jpg
By Abhishek Vasudev

3 min read | Updated on July 16, 2026, 13:57 IST

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SUMMARY

ITC shares have fallen 31% YTD. The stock came under selling pressure after the government earlier this year imposed higher taxes on tobacco products.

Stock list

ITC
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INFY
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TCS
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WIPRO
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Buzzing stocks, NIFTY50, SENSEX

The SENSEX dropped as much as 0.8% to touch an intraday low of 77,001.58 on July 14. | Image: Shutterstock

Buoyed by expectations of strong first-quarter earnings and hopes of a de-escalation in the West Asia conflict. The NIFTY50 has advanced 8.5%, while the 30-share SENSEX has gained 8% from its April lows, according to stock exchange data.

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Despite Indian equities showing resilience, 20 shares in the NIFTY500 index are down over 30%, data from Ace Equity showed.

ITC, Infosys, Wipro, TCS, RVNL, Patanjali Foods, Pine Labs, Latent View Analytics, Birlasoft, LTM, KPIT Technologies, Inox Wind, Swan Corp, Tata Elxsi, CE Info Systems, KEC International, Reliance Power and Swiggy are among the stocks that have corrected more than 30% year-to-date.

Here is a list of key stocks that have corrected more than 30%:
Rail Vikas Nigam: Shares of the railway infrastructure developer have dropped 36% YTD, data from Ace Equity showed. The stock came under selling pressure after the company, at the end of the March quarter, reported that its net profit dropped 43% to ₹212 crore from ₹373 crore in the year-ago period.

The company's revenue at the end of the March quarter came in at ₹6,648 crore compared with ₹6,345 crore in the same period last year.

RVNL on Wednesday informed exchanges that it appointed Jay Singh as executive director (S&T) of the company.

ITC: Shares of the country's largest cigarette maker has fallen 31% YTD. The stock came under selling pressure after the government earlier this year imposed higher taxes on tobacco products.

Effective February 1, the government levied a GST rate of 40% on pan masala, cigarettes, tobacco, and similar products.

Additionally, a health and national security cess was also imposed on pan masala and other tobacco related products.

TCS, Infosys, Wipro, LTM, Birlasoft: The country's leading IT shares have dropped over 30% so far this year as market sentiment remains bearish for IT shares over uncertainties over how rapidly artificial intelligence (AI) will disrupt business of traditional IT companies.
KPIT Technologies: The stock has dropped 53% so far this year the company earlier this month said that it expects the financial performance for Q1FY27 to be lower than expected previously, due to a sudden drop in revenues in the last few weeks.

"There is an expected decline of 1% in USD-reported revenues for Q1FY27 as compared to Q1FY26 (YoY) primarily due to sudden actions by some European OEMs triggered by their recent profit warnings/ adverse business outlook," KPIT Technologies said in an exchange filing.

The operating profitability (EBITDA Margin) and the net profit margin for Q1FY27 would decline sequentially, proportionately higher than the revenue decline, since there is no window for cost optimisation during this short period, KPIT Technologies added.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial adviser before making any investment decisions.

About The Author

Abhishek Vasudev.jpg
Abhishek Vasudev is a business journalist with over 15 years of experience covering business and markets. He has worked for leading media organisations of the country.

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