Rs 5.5 lakh crore wealth erased in mid, smallcaps in FY26; Ola Electric Mobility, KPIT Tech among top losers
In the smallcap space, a total of 793 stocks ended the financial year in the red, while 301 managed to stay in the green.
- Mar 31, 2026,
- Updated Mar 31, 2026 2:29 PM IST
While the broader domestic benchmark indices, Sensex and Nifty, closed the financial year 2025-26 on a bitter note, declining 5.36% and 3.6%, respectively, the real disruption unfolded in the broader markets. Dragged by the ongoing West Asia war, a depreciating rupee, concerns over Trump tariffs, and a mix of other global and domestic headwinds.
Data from the exchanges shows that over Rs 5.5 lakh crore of investor wealth eroded across the mid and smallcap segments. The smallcap space bore the brunt of the sell-off, witnessing a Rs 5.1 lakh crore wipeout.
The BSE Smallcap index plummeted 7% to settle at 43,218.12, down from its March 28, 2025, close of 46,638.13. Similarly, the BSE Midcap index slipped 2.3% to end the fiscal year at 40,537.34 against its March 28 close.
In the smallcap space, a total of 793 stocks ended the year in the red, while 301 managed to stay in the green. The midcap index also declined, with over 50% of the stocks dragged lower, with 84 declining against just 58 advancing.
According to exchange data, Ola Electric Mobility Ltd shares led the midcap bloodbath, plunging over 57% of their value. It was followed by Vedant Fashions, which wiped out around 54% of its value. Punjab & Sind Bank and KPIT Technologies also tanked 52% and 51%, respectively.
In the smallcap arena, Vishnu Prakash R Punglia Ltd shares crashed 81%, Shankara Building Products plummeted 80%, and Aditya Birla Fashion and Retail stock was down 78.97% in FY26.
Meanwhile, Cupid Ltd in smallcap index skyrocketed over 500%. Prime Focus shares followed with a 262.76% rally, while Lumax Auto Technologies and MTAR Technologies surged 181.91% and 170.67%, respectively.
GE Vernova T&D India zoomed 133.55%, and National Aluminium Company (NALCO) soared 119.96%, in the midcap space.
While the broader domestic benchmark indices, Sensex and Nifty, closed the financial year 2025-26 on a bitter note, declining 5.36% and 3.6%, respectively, the real disruption unfolded in the broader markets. Dragged by the ongoing West Asia war, a depreciating rupee, concerns over Trump tariffs, and a mix of other global and domestic headwinds.
Data from the exchanges shows that over Rs 5.5 lakh crore of investor wealth eroded across the mid and smallcap segments. The smallcap space bore the brunt of the sell-off, witnessing a Rs 5.1 lakh crore wipeout.
The BSE Smallcap index plummeted 7% to settle at 43,218.12, down from its March 28, 2025, close of 46,638.13. Similarly, the BSE Midcap index slipped 2.3% to end the fiscal year at 40,537.34 against its March 28 close.
In the smallcap space, a total of 793 stocks ended the year in the red, while 301 managed to stay in the green. The midcap index also declined, with over 50% of the stocks dragged lower, with 84 declining against just 58 advancing.
According to exchange data, Ola Electric Mobility Ltd shares led the midcap bloodbath, plunging over 57% of their value. It was followed by Vedant Fashions, which wiped out around 54% of its value. Punjab & Sind Bank and KPIT Technologies also tanked 52% and 51%, respectively.
In the smallcap arena, Vishnu Prakash R Punglia Ltd shares crashed 81%, Shankara Building Products plummeted 80%, and Aditya Birla Fashion and Retail stock was down 78.97% in FY26.
Meanwhile, Cupid Ltd in smallcap index skyrocketed over 500%. Prime Focus shares followed with a 262.76% rally, while Lumax Auto Technologies and MTAR Technologies surged 181.91% and 170.67%, respectively.
GE Vernova T&D India zoomed 133.55%, and National Aluminium Company (NALCO) soared 119.96%, in the midcap space.