The Indian equity markets have largely been volatile in the last one year as worries over the economic slowdown, US tariff concerns and weak earnings weighed on investors’ risk appetite.
The Nifty 50 fell 0.3 per cent in the last one year while the BSE Sensex shed 0.5 per cent during the same period. In the NSE500 index, 327 of 500 stocks have delivered negative returns, while 173 stocks in the index have been in the green.
Some stocks from the index have seen a far more significant erosion in their value than others. Stocks like Sterling and Wilson, Tejas Networks, HFCL, Adani Green and Raymond Lifestyle have fallen 50 per cent or above in a year.
Wealth Destroyers — Stocks that fell 50% or more
Let’s take a look at stocks that lost over 50% investor wealth in the last one year.
Sterling and Wilson Renewable Energy has been among the worst performers on the bourses, with its share price falling over 62 per cent in the last one year and nearly 43 per cent since the start of 2025. However, its Q1FY26 results showed a strong turnaround.
The company reported a 680 per cent year-on-year surge in consolidated net profit to ₹39 crore, compared to ₹5 crore in the same quarter last year. Revenue from operations also jumped 93 per cent to ₹1,762 crore from ₹915 crore a year ago.
Headquartered in Mumbai, Sterling and Wilson provides engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services for renewable projects across India and global markets.
Tejas Networks’ stock has shed over 55 per cent in the last year and more than 50 per cent in 2025 so far, reflecting a challenging operating environment. In the latest quarter, net sales declined sharply by 87.08 per cent, resulting in a net loss of ₹193.87 crore. Institutional investor participation also fell, with their collective holding dropping 1.08 per cent to 10.86 per cent.
Based in Bengaluru, Tejas Networks designs and manufactures telecom and data networking products such as 4G/5G radio access solutions, fibre broadband, optical transmission, and satellite systems. The company also develops software for remote network management and offers managed services to telecom operators, ISPs, utilities, defence, and government clients worldwide.
HFCL has faced a similar selloff, with its share price down over 54 per cent in the past year and 38 per cent year-to-date in 2025.
Headquartered in New Delhi, HFCL manufactures telecom products including optical fibre cables, 5G solutions, Wi-Fi systems, radios, and defence equipment such as radars and software-defined radios. The company also provides passive networking components, network solutions for telecom, defence, and railways, along with system integration services for clients in India and abroad.
Meanwhile, Raymond Lifestyle, which was listed in September last year, and the Adani Group stock Adani Green Energy have also eroded around 50 per cent of investors’ wealth in one year.
Apart from these, IndusInd Bank, Ola Electric, Akums Drugs, Praj Industries, Natco Pharma and Route Mobile have declined over 45 per cent each in this period.
On the other hand, JSW Holdings, BSE and Syrma SGS Tech have given multibagger returns during the same time, while One 97 Communications and Authum Investment have rallied over 90 per cent each.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
