Whirlpool, Ola Electric and 6 other stocks that have slipped by up to 60% YTD

Synopsis: Several well-known stocks like Kaynes Technologies, TARIL, E2E Networks, Whirlpool, and Ola Electric have plunged up to 60% year-to-date. Despite sector headwinds and valuation pressures, many maintain strong fundamentals, making them worth monitoring for potential recovery.

The year has been challenging for several mid- and large-cap stocks, with some names slipping as much as 60% year-to-date despite strong long-term fundamentals or sector tailwinds. 

While steep corrections often signal underlying concerns, they can also present opportunities to identify quality businesses undergoing temporary turbulence. As markets rebalance and sentiment shifts, these beaten-down stocks are worth keeping on your radar for potential recovery, provided their core business drivers remain intact.

Kaynes Technologies India Ltd

Kaynes is a major Indian electronics manufacturing services (EMS) company offering design-to-delivery solutions across automotive, aerospace, industrial, and medical sectors. Despite strong long-term growth potential and a robust order book, the stock has fallen sharply due to concerns around high valuations, cash-flow stress, and execution risks as the company expands into advanced manufacturing areas like PCB fabrication and semiconductor packaging.

With market capitalization of Rs. 27,082 cr, the shares of Kaynes Technologies India Ltd are currently trading at Rs. 4,040 per share, from its previous close of Rs. 3,799.60 per share. The stock is down 46% year-to-date from its current level.

TARIL (Transformers & Rectifiers India Ltd)

TARIL manufactures a wide range of power and specialty transformers used in power generation, transmission, and industrial setups. Although it has a healthy order book and benefits from infrastructure and renewable energy demand, the stock has corrected steeply due to cyclical weakness in capital goods, slower project execution, and profit-booking after earlier rallies.

With market capitalization of Rs. 7,258 cr, the shares of TARIL (Transformers & Rectifiers India Ltd) are currently trading at Rs. 241 per share, from its previous close of Rs. 240.15 per share. The stock is down 59% year-to-date from its current level.

E2E Networks Ltd

E2E Networks is a cloud infrastructure provider specializing in high-performance computing, GPU cloud, and AI-optimized hosting solutions. The company is well-positioned in India’s emerging AI-cloud ecosystem, but the stock has dropped significantly as investors reassessed growth expectations, profitability pressures, and competition from larger domestic and global cloud players.

With market capitalization of Rs. 4,275 cr, the shares of E2E Networks Ltd are currently trading at Rs. 2,125 per share, from its previous close of Rs. 2,023 per share. The stock is down 49% year-to-date from its current level.

Whirlpool of India Ltd

Whirlpool is a leading consumer durables company in India, manufacturing refrigerators, washing machines, and kitchen appliances. Its stock has declined due to muted demand recovery, competitive pressures, margin challenges, and concerns surrounding its parent company’s global restructuring. Despite near-term weakness, the brand remains strong in the under-penetrated Indian appliances market.

With market capitalization of Rs. 11,554 cr, the shares of Whirlpool of India Ltd are currently trading at Rs. 910.70 per share, from its previous close of Rs. 915.30 per share. The stock is down 50% year-to-date from its current level.

Neogen Chemicals Ltd

Neogen is a specialty chemicals manufacturer focused on bromine and lithium-based chemistries used in pharma, agrochemicals, electronics, and battery materials. The stock corrected sharply as growth moderated after years of rapid expansion, and as investors reassessed timelines for its lithium-ion battery materials business. Still, its technology capabilities and diversification provide long-term strategic advantages.

With market capitalization of Rs. 2,602 cr, the shares of Neogen Chemicals Ltd are currently trading at Rs. 986 per share, from its previous close of Rs. 1,005.30 per share. The stock is down 55% year-to-date from its current level.

Shakti Pumps India Ltd

Shakti Pumps produces high-efficiency submersible pumps, motors, and solar pumping systems, benefitting heavily from government solar irrigation schemes. After a strong run-up, the stock saw a major correction due to demand normalization, slower government project flows, and market-wide volatility. The company remains a key player in solar-powered and energy-efficient pumping solutions.

With market capitalization of Rs. 7,012 cr, the shares of Shakti Pumps India Ltd are currently trading at Rs. 568.30 per share, from its previous close of Rs. 574.85 per share. The stock is down 49% year-to-date from its current level.

Ola Electric Mobility Ltd

Ola Electric is one of India’s largest electric two-wheeler companies. The stock slump follows widening financial losses, declining market share, and concerns about execution, service issues, and increasing competition from traditional and new EV manufacturers. Despite aggressive growth ambitions, the company faces challenges in scaling profitably in a crowded EV market.

With market capitalization of Rs. 15,040 cr, the shares of Ola Electric Mobility Ltd are currently trading at Rs. 34.10 per share, from its previous close of Rs. 34.14 per share. The stock is down 60% year-to-date from its current level.

Cohance Lifesciences Ltd

Cohance Lifesciences, a CDMO and API manufacturer formed from Suven Pharma’s restructuring, provides development and manufacturing services to global pharma companies. The stock decline reflects sector-wide cooling, rebranding uncertainties, and slower-than-expected growth momentum. Its integrated CDMO capabilities, however, position it well in the long-term pharma outsourcing market.

With market capitalization of Rs. 20,218 cr, the shares of Cohance Lifesciences Ltd are currently trading at Rs. 528.50 per share, from its previous close of Rs. 530.70 per share. The stock is down 51% year-to-date from its current level.

Written by Manideep Appana

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