India, Jan. 2 -- It was a sobering day for investors in this Indian manufacturer and global exporter of male and female condoms, personal lubricants, and IVD kits with a presence in over 110 countries. On 2nd January 2026, the stock hit a 20 percent lower circuit amid intense selling pressure, bringing an abrupt pause to what had been an extraordinary rally.

Delta Exchange banner What makes the fall harder to digest is the sharp contrast with recent months. Throughout 2025, the stock was in the spotlight for hitting fresh 52-week highs almost every day and delivering strong multibagger returns. In fact, even earlier today, the stock had touched a new 52-week high of Rs. 527.4. But as the new year barely began, sentiment quickly turned, l...