Despite over 20% rally from June lows, analysts bullish on broader markets

With the recent rally, the Nifty Midcap 100 now trades at an 18-per cent premium to large-caps at 23.2x

Mid- and small-cap stocks have outshone their large-cap counterparts in recent months as investors flocked the broader markets, betting on solid economic recovery and easing inflationary concerns.

From the recent lows, hit on June 20, the Nifty MidCap100 index has risen 25 per cent on the exchange, while the Nifty SmallCap100 index has leaped 22 per cent. In comparison, the benchmark Nifty50 is up 167 per cent, data shows.

Going-forward, analysts believe this broader market rally will continue as India remains one of the best performing markets globally.

"There is a lot more stream left. The fall in oil price