Among individual stocks, Raymond, Ashoka Buildcon, Swan Corp, Himatsingka Seide, and UCO Bank were the biggest wealth destroyers, dropping in the range of 30.5 per cent to 65.78 per cent
Historically, the combination of narrowing earnings differential, high valuations and prolonged outperformance, Nuvama said, has led to a large period of underperformance for SMIDs (2018-19)
At 01:37 PM, BSE Midcap index, the top gainer among broader indices, was up 0.55 per cent, as compared to 0.38 per cent rise in the BSE Sensex and 0.09 per cent gain in the BSE Smallcap index.
Within the large-cap 100 universe, stocks from Adani group - Adani Green Energy and Adani Energy Solutions - have witnessed a 63 per cent and 54 per cent fall in their PE since September 2024-end
Analysts expect this painful phase for the small-cap stocks to continue for some more time, at least till the corporate earnings start to show signs of improvement.
While the Nifty Midcap 150 index has lost around 7 per cent thus far in CY25, the Nifty Smallcap 250 index has slipped around 9 per cent. The Nifty 50 index, meanwhile, has slipped nearly 2 per cent
Why are midcap IT stocks rising today: Persistent Systems share price soared 8 per cent to Rs 6,163.45 per share after the company reported broad-based growth across geographies and segments.
Mid, SmallCap stocks to buy: Analysts suggest investors buy only those stocks of those companies where there is earnings visibility for at least a few quarters
As an investment strategy, Wood has taken exposure in the US-listed online travel company MakeMyTrip in the India long-only portfolio with a 4 per cent weighting
The fall from peak levels in these segments, according to Gaurang Shah, senior vice-president at Geojit Financial Services has also been account of earnings disappointment besides amid high valuations
The Nifty Midcap Select Index has recently approached its resistance level at 13,200. This level is likely to act as a barrier to further upward movement, causing the index to halt its rally
The broader markets also showed strength with the BSE MidCap index rising 0.66 per cent at 48,627 levels, while the BSE SmallCap index scaled a new record high at 56,066, jumping 385 points
The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies