The Indian markets appear to be expensive, on an absolute basis, with 1-year forward valuation at 20 times. The overall risk/reward ratio, thus, seem unfavourable on a historical basis, Gupta said
The Sensex to SmallCap ratio is trading near its lowest levels since 2008. This means that smallcaps have outperformed relative to large-caps, Apurva Sheth said in this interview
In March, most of the small and midcap had corrected as much as 30-50 per cent prompted by market regulator Sebi's warning of expensive valuations in the space
Stock picks for April 24, Wednesday, based on technical analysis: NCC, Aegis Logistics, GNFC, Manappuram Finance and Castrol India look positive on the daily charts as Nifty SmallCap scales new high.
BSE SmallCap index today: The SmallcCap index hit a high of 46,426.72 in the intraday trade, and was less than 1 per cent away from its record high
This comes after the company announced that its board of directors will meet on April 25, to consider and approve the proposal for issuance of bonus equity shares to the shareholders of the company
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