SUMMARY
The Nifty Smallcap index is down 20% from its December 12 peak and more than 10% of the index has declined by a third since then, with only five stocks in the green.

The Nifty Smallcap index has plunged 20% from its December 12 high of 19,716. Only five out of the 100 stocks are trading with gains since that period. At least 12 stocks on the Smallcap index are down 30% over the last month and a half. Here is a look at the top losers on the index since December 12.

Sterling & Wilson | The stock is the worst performing stock on the Nifty Smallcap index since December 12, declining 37%. From its own record high, the stock is down over 55%.

Cyient | The technological solutions provider is the second worst performer on the Smallcap index since December 12, declining 37%. Most of that fall has come post its December quarter earnings recently.

Angel One | The broking firm shares are also down 36% from December 12, when the Smallcap index hit its peak. From its own high of ₹3,900, the stock has corrected 45%.

International Kec | The stock is down 36% from the December peak of the Smallcap index. From its own record high of ₹1,313, which it had also hit in December last year, the stock is down 42%.

Tejas Networks | The Tata Group enterprise has also seen its shares correct 35% from the December peak of the smallcap index. The stock itself had made a peak in June last year, from which it has corrected over 45%.

Kaynes Technology | The company’s management cut its financial year 2025 revenue guidance to ₹2,800 crore from ₹3,000 crore earlier. The earnings were also below expectations. The stock is down nearly 17% on Tuesday post its results, taking the stock to be one of the top losers on the Smallcap index since December 12 with a 34% drop. The stock is down over 40% from its own peak.