Small-cap fund managers are adjusting their strategies by deploying cash and increasing exposure to large caps, likely in response to market conditions and investor behavior.
Majority of large-sized smallcap schemes deployed cash amid correction in March
Technical charts suggest that Suven Pharma may trade with a positive bias in the near-term, provided the stock manages to hold above these key support levels.
Shares of VIP Industries have under-performed its benchmark NSE 250, with a fall of nearly 29 per cent as against a rally of 67 per cent in the last 18 months.
Snap up Aster, Aavas during correction
Small-caps in Asia, Jefferies said, have done well since 2001, with an excess return of 216 per cent versus the large-caps
Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.
RIDING THE WAVE: Smallcap stocks dominate portfolios in the year's rally
Sensex ends above 74k for the first time; Nifty Smallcap drop 2%
With today's decline, the BSE Smallcap index has slipped 5 per cent from its record high level touched on February 7
On the global front, analysts expect the 'higher for longer' narrative as regards interest rates to play out for some more time as leading global central banks remain in a wait-and-watch mode
The index had slipped below the 50-DMA back in November 2023, too, but recovered.
Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety, Sehgal said
Equity markets rallied the previous year on the back of hopes of the Federal Reserve cutting interest rates by March
As many as 497, or half of 1050 stocks, from the midcap and smallcap index have outperformed the all benchmark indices and appreciated over 35 per cent during Samvat 2079
Despite the recent downturn, the broader trend for the Nifty SmallCap index is likely to remain positive as long as the index holds above the 12,050-level.
The S&P SBE Smallcap index has given a stellar return - rising over 32 per cent in 2023
India has been substituting expensive crude oil with cheaper imports. This has helped keep inflation-related concerns triggered by rising oil prices at bay
Thus far in the month of August, shares of Jai Balaji Industries have rallied 58 per cent
Around 40 stocks on the BSE SmallCap index scaled new record highs, including The Anup Engineering, Bector Food, Cholamandalam Fin, CMS Info, CreditAccess Grameen, RPG Life, Escorts, Inox Green