Indian equity indices saw a sharp cut in today’s trade, continuing the correction for the third consecutive session. The Nifty 50 and Sensex cracked over 1%, while midcap and smallcap stocks underperformed. The Nifty Midcap 100 slumped 2.4% to a low of 56,681.10, while the Nifty Smallcap 250 shed 2% to 15,276.55.
Here are five mid- and small-cap stocks that saw the highest sell-off in today’s session.
Kalyan Jewellers
The share price of Kalyan Jewellers fell as much as 14% to a low of Rs 389.10 on the National Stock Exchange. It was the major loser among the midcap stocks. This is the eighth straight day when the stock has bled, falling 22%. The stock price of Kalyan Jewellers has fallen 18% in the last one month and has erased 32.6% over the previous six months.
“On the daily chart, price has broken decisively below all key moving averages (20, 50, 100, and 200 EMA), confirming a well-established downtrend. The EMAs are stacked bearishly and sloping downward, indicating continued selling pressure and absence of short-term trend support,” said Aakash Shah, Technical Research Analyst at Choice Equity Broking.
SRF
SRF’s share price was the second biggest loser in the Nifty Midcap 100, declining 6.4% to an intra-day low of Rs 2,698. The fall in the stock price came after the company reported its quarterly results for the third quarter of the current financial year. SRF reported a jump of 59.6% YoY in net profit to Rs 432.7 crore in Q3FY26, compared to Rs 271 crore in the same quarter a year ago. Its operating revenue rose 6.3% YoY to Rs 3,712.5 crore in Q3 FY26 from Rs 3,491.3 crore posted in Q3 FY25.
Coforge
Coforge’s share price dropped by 6% to a low of Rs 1,593 on the NSE. It was the third biggest loser among the midcap counters. The stock has declined over 5% in the last five trading sessions. The stock has dropped 13% over the last one month and 1.25% in the previous one year. Overall, tech stocks have been under pressure for the last three days.
Force Motors
Force Motors’ share price fell as much as 6.64% in today’s trade to a low of Rs 19,390 on the NSE. The stock has been one of the multibaggers in 2025.
Recently, it announced its December sales data, dispatching 3,048 vehicles, including exports, representing a 49.70% jump compared to 2,036 units sold in the same period last year. In the domestic market, the company sold 2,952 units. In December 2024, sales stood at 1,985 units, showing a 48.72% surge.
CEAT
The share price of Ceat declined 5.6% to a low of Rs 3,500.80 in today’s session. The stock has fell 6% in the last five trading sessions. The stock has erased 8.7% of investors’ wealth in the previous one month. However, it has given a return of 21.3% over the past 12 months.
A day ago, CEAT posted a robust Q3 performance, reporting a consolidated net profit of Rs 155.7 crore, rising 60.3% YoY in Q3 FY26, compared with Rs 97.1 crore a year earlier.