Indian equities witnessed notable weakness in select counters, with several stocks posting steep declines. According to the latest market scan, Fino Payments Bank (FINOPB), RM Drip and Sprinklers (RMDRIP), Jindal Poly Investment (JPOLYINVST), and Fusion Finance (FUSION) emerged as the top losers today.

The sell-off reflects a mix of stock-specific stress, sectoral weakness, and profit booking following earlier rallies.

1. Fino Payments Bank Falls 10.94%

Price: ₹185.50 (at 13:48 IST as of 27 February 2026)
% Decline: 10.94%

Fino Payments Bank witnessed significant selling pressure.

Reason for Decline

The fall may be attributed to:

• Profit booking after prior rally
• Concerns over regulatory tightening in fintech/payments space
• Margin pressure due to competition
• Market-wide correction in financial stocks

Payments banks operate under regulatory constraints, limiting lending flexibility compared to traditional banks.

Financial Overview

Fino Payments Bank generates revenue primarily from fee-based services, digital payments, and distribution products. As a payments bank, it does not have full lending capabilities, limiting net interest margin expansion. Profitability depends heavily on transaction volume growth and cost efficiency. While the balance sheet remains relatively stable compared to NBFCs, earnings growth depends on scaling transaction-based revenues.

Technical Guidance

The stock has broken short-term support.

Support: ₹175–180
Resistance: ₹205

If ₹175 fails, further downside may emerge.

2. RM Drip and Sprinklers Falls 9.99%

Price: ₹70.53
Change: ₹-7.83
% Decline: 9.99%

RM Drip hit lower circuit levels, reflecting heavy selling.

Reason for Decline

Possible drivers include:

• Weak rural demand sentiment
• Delay in government subsidy disbursement
• Rising raw material costs
• Profit booking after speculative rally

Agri-equipment companies are highly dependent on monsoon outlook and policy support.

Financial Overview

RM Drip operates in the irrigation and agricultural solutions segment. Revenues are closely linked to subsidy schemes and rural capex. EBITDA margins fluctuate with input costs and demand conditions. The business carries working capital intensity due to receivables tied to subsidy payments. Earnings visibility is cyclical and seasonal.

Technical Guidance

Support: ₹65–68
Resistance: ₹78–80

Trend remains weak below ₹80.

3. Jindal Poly Investment and Finance Falls 8.11%

Price: ₹1,178.45
Change: ₹-104.05
% Decline: 8.11%

JPOLYINVST recorded a sharp correction.

Reason for Decline

The fall may reflect:

• Market correction in investment holding companies
• Volatility in underlying portfolio companies
• Profit booking after strong run-up
• Liquidity-driven correction

Investment holding firms often move sharply depending on valuation of underlying assets.

Financial Overview

Jindal Poly Investment and Finance operates as an investment holding company, with earnings tied to portfolio performance and dividend income. Revenue streams depend on capital gains and investment yields. Profitability can fluctuate significantly based on mark-to-market movements in equity holdings. Balance sheet strength depends on asset valuation stability.

Technical Guidance

Support: ₹1,050–1,080
Resistance: ₹1,250

A break below ₹1,050 could trigger further downside.

4. Fusion Finance Ltd Drops 5.73%

Price: ₹192.40
Change: ₹-11.69
% Decline: 5.73%

Fusion Finance declined amid broader weakness in NBFC stocks.

Reason for Decline

The decline could be driven by:

• Asset quality concerns in microfinance sector
• Rising funding costs
• Regulatory scrutiny
• Profit booking in financial services segment

Microfinance lenders are sensitive to rural stress and collection efficiency trends.

Financial Overview

Fusion Finance operates in the microfinance and NBFC segment. Revenue growth depends on loan book expansion and interest income. However, rising cost of funds can compress net interest margins. Asset quality metrics such as GNPA and provisioning coverage ratio significantly influence profitability. Leverage remains inherent in lending businesses, amplifying risk during economic slowdowns.

Technical Guidance

Support: ₹170–175
Resistance: ₹205–210

The trend remains weak unless recovery above ₹210 is seen.

Conclusion: What Today’s Top Losers Indicate

Today’s top losers reflect:

• Stress in leveraged or policy-sensitive sectors
• Profit booking in financial and agri-linked stocks
• Liquidity-driven corrections in small-cap counters

Investors should monitor support levels carefully and assess fundamental triggers before considering fresh positions.