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  3. SAPDBL Leads Declines: Biggest Losers on Nepal Bourse — March 31, 2026
3 min readMarch 31, 2026(Updated: March 31, 2026)

SAPDBL Leads Declines: Biggest Losers on Nepal Bourse — March 31, 2026

Quick Answer

Saptakoshi Development Bank (SAPDBL) was the biggest loser on Nepal Exchange on March 31, 2026, falling 8.96% to Rs 954.40. Other notable decliners included RIDI (-3.21%), DLBS (-2.80%), CZBIL (-2.67%), and NHPC (-2.66%).

Table of Contents

While the broader NEPSE index gained 0.69% on March 31, 2026, not all stocks participated in the rally. Saptakoshi Development Bank (SAPDBL) led the decliners, crashing 8.96% to Rs 954.40 — nearly hitting the lower circuit limit. Ridi Power (RIDI), despite topping the market in turnover, also fell 3.21%. This report covers the biggest losers on Nepal's stock exchange today and what might be driving the selling.
Quick Answer: SAPDBL was the biggest loser on March 31, 2026 at -8.96% (Rs 954.40). Others: RIDI -3.21%, DLBS -2.80%, CZBIL -2.67%, NHPC -2.66%.

Table of Contents

  • Full Losers List
  • SAPDBL Deep Dive
  • RIDI: High Turnover, Falling Price
  • Other Decliners
  • Outlook for Declining Stocks
  • FAQs

Top Losers — Nepal Exchange March 31, 2026

SymbolCompanyLTP (Rs)Change (%)VolumeSector
SAPDBLSaptakoshi Development Bank Ltd954.40-8.96%102,465Dev. Bank
RIDIRidi Power Company Ltd.367.80-3.21%1,305,100Hydropower
DLBSDhaulagiri Laghubitta1,340.30-2.80%1,109Microfinance
CZBILCitizen Bank International215.10-2.67%151,781Banking
NHPCNational Hydro Power Co.293.00-2.66%1,080,550Hydropower

SAPDBL — Near-Circuit Decline of 8.96%

Saptakoshi Development Bank Ltd (SAPDBL) was the session's most notable decliner, falling 8.96% to Rs 954.40 with 102,465 shares traded. This is close to the 10% lower circuit limit and represents significant selling pressure. The Development Bank sub-index as a whole closed up 0.90%, meaning SAPDBL's decline was stock-specific rather than sector-wide.

Investors should monitor SAPDBL's next session performance closely. If it stabilizes and bounces, the 8.96% drop may represent an overreaction. If it continues to fall toward the lower circuit, more downside may be ahead.

RIDI — The Paradox of High Turnover and Falling Price

Ridi Power Company (RIDI) presents an interesting market dynamics study. It was simultaneously the biggest decliner in Hydropower (-3.21% to Rs 367.80) and the highest-turnover stock of the entire market (Rs 484.81M, 1,305,100 shares). This combination — high volume sell-off — is a classic distribution pattern where institutional or large holders are using strong market liquidity to exit positions.

The Rs 484.81M in RIDI turnover alone represents a significant portion of NEPSE's total daily trade. The fact that this massive activity resulted in a 3.21% price decline — not a gain — is a bearish signal for RIDI in the near term.

Other Notable Decliners

NHPC — 2.66% Fall with Heavy Volume

National Hydro Power Company (NHPC) fell 2.66% to Rs 293.00 with 1,080,550 shares traded — similarly to RIDI, heavy volume accompanied the decline, suggesting active distribution. NHPC at Rs 293 is approaching the psychologically important Rs 290 support level.

CZBIL — Banking Sector's Weak Link

Citizen Bank International (CZBIL) fell 2.67% to Rs 215.10, standing out as the Banking sector's biggest loser while the Banking sub-index itself gained 0.76%. This divergence implies stock-specific selling pressure rather than a banking-wide issue.

Outlook for Today's Declining Stocks

Stocks in the losers list often warrant closer analysis before investing. Key signals to watch:

  • SAPDBL: Watch for stabilization above Rs 930-940. A bounce from those levels would suggest the sell-off was an overreaction.
  • RIDI: The distribution pattern at high volume needs to resolve. Support at Rs 350-360 is critical.
  • NHPC: Rs 290 is key support. A break below could accelerate selling.
  • CZBIL: Rs 210 is the next key support level for this banking stock.

FAQs

Which stock fell the most on NEPSE March 31, 2026?

SAPDBL fell 8.96% to Rs 954.40 — the biggest single-day decline of the session.

Why did RIDI fall despite its high turnover?

High turnover with price decline indicates distribution — more sellers than buyers at current prices.

What is NHPC's stock price today?

NHPC closed at Rs 293.00 on March 31, 2026, down 2.66%.

Is CZBIL a buying opportunity after today's fall?

CZBIL fell to Rs 215.10. Whether it's a buy depends on your own analysis; this article does not constitute investment advice.

What caused SAPDBL's near-circuit decline?

SAPDBL fell 8.96% on March 31, 2026. Investors should check company announcements for specific catalysts.

Key Points

  • SAPDBL fell 8.96% to Rs 954.40 — the biggest loser of the day
  • RIDI dropped 3.21% to Rs 367.80 despite Rs 484.81M turnover
  • DLBS (Microfinance) declined 2.80% to Rs 1,340.30
  • CZBIL fell 2.67% to Rs 215.10 in the Banking sector
  • NHPC dropped 2.66% to Rs 293.00 with high volume of 1.08M shares
  • High turnover + price decline in RIDI and NHPC signals distribution

Frequently Asked Questions

Conclusion

March 31, 2026's losers list reveals interesting sector dynamics — Development Banks, Hydropower, Microfinance, and Banking all contributed decliners even as their sub-indices closed green overall. SAPDBL's near-circuit 8.96% fall warrants close attention. RIDI's decline-amid-high-turnover pattern typically signals distribution. Investors considering these stocks should wait for clear reversal signals before entering.

Related Entities

LNepal Stock Exchange
LSaptakoshi Development Bank
LRidi Power Company
LCitizen Bank International
LNational Hydro Power Company

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