Nifty SmallCap index outlook: The SmallCap index is on the verge of a breakout on technical charts with a one-year target of 21,300-22,200 -- a 20-25 per cent upside from current levels
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
The current market cycle, Naren said, does not resemble earlier periods. Today, the macroeconomic situation is extremely strong, which was not the case in the past
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)
The Nifty SmallCap index witnessed a 'Golden Crossover' on four occasions thus far in the past, with each resulting into a gain; historical chart shows a massive 110% rally post August 2020 breakout.
These rather are your next-door citizens who have the potential to over-deliver. These same also have experienced around 2.5 per cent positive earnings revisions for FY26 in May, Bernstein said
The Nifty MidCap index can slip another 4%, or extend the fall towards 19,600; hints the technical chart. The SmallCap index is yet to confirm a downside breakout.
At the stock level, Tanla Platforms, Syrma SGS Technology, Bharat Dynamics, Olectra Greentech, Nippon Life India Asset Management, The Jammu & Kashmir Bank saw double-digit returns
Dixon Technologies, Waaree Energies, Data Patterns (India), Godfrey Phillips, Devyani International, and KFin Technologies are some of the counters that have gained over 20 per cent during this period
Technical charts suggest that smallcap stocks such as Balrampur Chini, Alok Industries, 360 One Wam, Elgi Equipments and Godawari Power are poised to gain in the near-term; check key levels here.
Analysts believe that the recent up move is led by bottom-fishing in select smallcap stocks; the index, however, needs to conquer the long-term averages to qualify for a market reversal.
However, thus far in the calendar year 2025, the BSE Smallcap index has underperformed the market by falling 20%, as against 14% decline in BSE Midcap index and 4% drop in BSE Sensex.