The recent performance of blue-chip stocks in the Indian market has been a topic of significant discussion and analysis, with many investors closely monitoring the impact of the current market correction on these top companies. Data from ACE Equity reveals that as of March 4, 2025, the Nifty 50 has experienced a 16% decline from its 52-week high, while the broader Nifty 500 index has fallen by 19%.
Amid this market turmoil, select large-cap stocks from the Nifty 50 index have taken a substantial hit, with some of India’s top 10 blue-chip companies witnessing double-digit declines from their peak levels. Let’s delve into the details to understand how these companies have fared during this challenging period.
### The Big Losers: Nifty 50 Stocks
In the Nifty 50 category, Tata Motors emerged as one of the biggest losers, with its stock plummeting by a staggering 47% from its 52-week high. Following closely behind, Hero MotoCorp experienced a significant decline of 44%, while Bajaj Auto faced a substantial correction of 43%. These sharp drops underscore the broader downturn in the automobile sector, reflecting the challenges faced by companies in this industry.
Similarly, Adani Enterprises, a key player in trading, saw its stock price fall by 43% from its peak, while Trent, a retail company under the Tata Group umbrella, witnessed a 40% decline. These losses highlight the widespread volatility in the market, with sectors like automobiles and retail bearing the brunt of the downturn.
### A Closer Look at the Top 10 Blue-Chip Companies
Let’s now shift our focus to the performance of India’s top blue-chip companies during this period of market correction. Reliance Industries, the largest company in terms of market capitalization, saw its stock decline by 28% from its 52-week high. Despite this dip, the company’s revenue for the first three quarters of FY25 registered a 6% year-over-year growth, reaching Rs 7,83,036 crore, with net profits rising by 2% to Rs 58,353 crore.
HDFC Bank, another key player in the market, experienced a 9% decline in its stock price, contrasting with its robust earnings performance. The bank reported a 22% revenue growth year-over-year, reaching Rs 2,49,588 crore, and a 14% increase in net profit to Rs 54,156 crore. This resilience suggests that the impact of the market downturn on India’s leading private-sector bank was relatively contained.
Moving on to TCS, the company saw a 23% decline in its stock price, with revenue growing by a modest 6% year-over-year to Rs 1,90,845 crore and net profit increasing by 9% to Rs 36,504 crore. The slower growth in demand for IT services was reflected in both the stock price movement and financial performance of the company.
Bharti Airtel witnessed an 11% drop in its stock price but reported a remarkable surge in earnings, with revenue rising by 11% year-over-year to Rs 1,25,109 crore and net profit soaring by 363% to Rs 21,360 crore. This disparity between stock performance and earnings growth underscores the resilience of the company in a challenging market environment.
ICICI Bank, despite a stock decline of 11%, demonstrated solid fundamentals, with an 18% revenue growth year-over-year to Rs 1,37,945 crore and a 21% rise in net profit to Rs 40,095 crore. This performance indicates the bank’s ability to navigate short-term market volatility while maintaining strong financial health.
Infosys and SBI also experienced declines in their stock prices, with revenue growth and net profit figures reflecting the broader market trends. On the other end of the spectrum, Bajaj Finance weathered the storm with minimal impact, showcasing consistent earnings growth despite the market correction.
Hindustan Unilever and ITC faced challenges, with notable declines in both stock prices and earnings performance. These contrasting outcomes among the top blue-chip companies underscore the diverse impacts of the market correction on different sectors and businesses.
As investors navigate through these turbulent times, it is crucial to seek guidance from qualified financial advisors before making any investment decisions. Stay informed, stay cautious, and stay wise in your financial endeavors.
