In calendar year 2025 (CY25) 2025, the Nifty Microcap Index has declined by 7%, in contrast to the Nifty 50 Index, which has gained 6% during the same period. This underperformance highlights the pressure on smaller, more volatile stocks compared to large-cap blue-chip companies. Within the Microcap Index, 36 stocks have recorded a steep fall of over 25% year-to-date. Among these, we have identified the 11 biggest losers, which have seen sharp declines ranging between 35% and 65% in CY25. (Data Source: ACE Equity)