Top Nifty Stocks Down 27–50%: Is This A Medium-Term Buying Opportunity?

Several of India’s largest stocks have faced steep corrections, with names such as Reliance, TCS, Infosys and HDFC Bank trading significantly below their all-time highs. After the recent selling pressure, these companies are increasingly looking like potential value plays for medium-term investors. Deepak Gupta, Senior Fund Manager - Equity, JM AMC, explains why valuations have become more attractive and what investors should watch before taking a call. The key trigger will be sustainable earnings growth above India’s broader GDP growth rate. The discussion also looks at company-specific challenges and what could drive a meaningful recovery in leading Nifty stocks.