The Nifty PSE index has dropped by 10% since reaching its peak on August 1. Half of the index's 20 constituents have fallen by over 10% during this period, with several PSU stocks witnessing declines of 30% to 50% from their individual highs. Let’s take a closer look at some of these stocks.

Cochin Shipyard, a major shipbuilder, had reached a peak of ₹2,969 in July this year. Since then, the stock has tumbled by 47% from that level.

Similarly, Garden Reach Shipbuilders hit a high of ₹2,833.8 in July, but as of Monday, its stock price has dropped by 45%.

IRCON International had reached a record high of ₹351 on July 15, but the stock has since fallen 42%, nearing the ₹200 mark on Monday.

Bharat Dynamics saw a record high of ₹1,794 on July 5 this year, and while it has corrected by 41% from that peak, the stock has still more than doubled in value over the past year, increasing by 113%.

IRFC reached its record high of ₹229 on July 15, but the stock has since fallen 37%. At its peak, the stock had surged nearly 10 times its IPO price of ₹26.