M&M, Kotak Mahindra Bank Lead Nifty 50 Losses, Down Up To 5%

• M&M shares declined by 5.22% to Rs 3,358.60, making it a top loser on the Nifty 50.
• Kotak Mahindra Bank also saw a 4.02% fall, trading at Rs 405.80.
• Asian Paints, Eternal, and Max Healthcare were among other significant losers.
• M&M's yearly revenue consistently increased from Rs 74,277.78 Crore in 2021 to Rs 158,749.75 Crore in 2025.
• Moneycontrol analysis on January 20, 2026, indicates a very bearish sentiment for M&M.

Why It Matters: M&M and Kotak Mahindra Bank experienced significant stock declines today, despite M&M's strong long-term financial growth.