Analysts bullish on mid-and small-caps; expect outperformance in 2021

The S&P BSE Small-cap index has outperformed with a rally of 86 per cent from its lowest intra-day level in March 2020 to 16,003 levels now.

Even as front-line indices — the S&P BSE Sensex and the Nifty50 — scale new highs, mid- and small-cap segments, too, have seen a good run over the past few months, with both indices hitting a fresh 52-week high on Wednesday.

The S&P BSE SmallCap index has outperformed with a rally of 86 per cent from its lowest intra-day level in March to 16,003 levels now. The S&P BSE MidCap index has moved up 70 per cent during this period — mostly in line with the S&P BSE Sensex that has gained around 72 per cent, shows the data.

Analysts