While the benchmark Nifty 50 is trading just 0.7% below its 52-week high of 26,373, and the Nifty 500 is only 0.5% lower, weakness beneath the surface is evident. Nearly 145 Nifty 500 stocks have declined 25–75% from their yearly highs, underscoring how the rally is concentrated in a few large-caps. From this basket, we identified 12 Nifty 500 stocks that have fallen more than 50% from their 52-week highs. (Data Source: ACE Equity)