 "Small and mid-caps likely to see big gains in CY21, say analysts")
After two-and-a-half years of muted returns, small- and mid-capitalisation companies made a comeback in CY20, outperforming their larger peers. While the BSE MidCap index enriched investors by 22 per cent, the SmallCap index was up 21 per cent; these were 500-600 basis points higher than the benchmark indices. The outperformance of the stocks in these categories is expected to continue in the current year, believe brokerages.
Analysts at ICICI Securities expect mid-caps and small-caps to gain more than large-caps and its top picks for the year are in the mid-cap and small-cap space. The outperformance expectation is based on the hope
