Adani Enterp. 2429.15↓-10.40(-0.43%)
Adani Ports 736.40↓-7.35(-0.99%)
Apollo Hospitals 4926.65↓-99.80(-1.99%)
Asian Paints 3212.25↓-12.55(-0.39%)
Axis Bank 962.10↓-14.65(-1.50%)
B P C L 361.10↓-7.00(-1.90%)
Bajaj Auto 4800.65↑19.90(0.42%)
Bajaj Finance 7010.10↓-69.85(-0.99%)
Bajaj Finserv 1467.40↓-13.50(-0.91%)
Bharti Airtel 836.00↓-8.25(-0.98%)
Britannia Inds. 4875.05↓-18.10(-0.37%)
Cipla 965.40↑4.95(0.52%)
Coal India 228.10↓-2.60(-1.13%)
Divi's Lab. 3499.70↓-42.40(-1.20%)
Dr Reddy's Labs 4649.40↓-24.35(-0.52%)
Eicher Motors 3657.40↓-70.00(-1.88%)
Grasim Inds 1711.95↓-57.10(-3.23%)
H D F C 2653.80↑5.25(0.20%)
HCL Technologies 1126.75↓-2.30(-0.20%)
HDFC Bank 1608.70↑1.00(0.06%)
HDFC Life Insur. 593.90↓-0.55(-0.09%)
Hero Motocorp 2964.80↑6.80(0.23%)
Hind. Unilever 2679.90↓-36.30(-1.34%)
Hindalco Inds. 418.25↓-4.35(-1.03%)
ICICI Bank 937.90↓-2.30(-0.24%)
IndusInd Bank 1303.85↓-7.35(-0.56%)
Infosys 1282.80↓-6.15(-0.48%)
ITC 442.90↓-1.05(-0.24%)
JSW Steel 748.80↑19.05(2.61%)
Kotak Mah. Bank 1886.50↓-52.90(-2.73%)
Larsen & Toubro 2340.30↑24.80(1.07%)
M & M 1381.05↓-25.35(-1.80%)
Maruti Suzuki 9658.60↓-48.90(-0.50%)
Nestle India 22148.90↓-218.85(-0.98%)
NTPC 182.05↑4.70(2.65%)
O N G C 156.10↑2.25(1.46%)
Power Grid Corpn 241.65↑2.45(1.02%)
Reliance Industr 2499.65↑1.50(0.06%)
SBI Life Insuran 1238.90↓-6.90(-0.55%)
St Bk of India 588.50↓-0.70(-0.12%)
Sun Pharma.Inds. 987.00↓-27.60(-2.72%)
Tata Consumer 807.10↓-16.00(-1.94%)
Tata Motors 559.70↓-8.25(-1.45%)
Tata Steel 111.15↓-0.35(-0.31%)
TCS 3236.45↓-38.45(-1.17%)
Tech Mahindra 1071.30↓-24.40(-2.23%)
Titan Company 2877.00↓-29.95(-1.03%)
UltraTech Cem. 8100.15↓-57.45(-0.70%)
UPL 690.05↓-3.90(-0.56%)
Wipro 399.55↓-3.25(-0.81%)

After a dismal FY23, is the tide turning for mid, small-cap segments?

The S&P BSE Small-cap and Midcap indices have surged around 6 per cent and 4 per cent, respectively, as against a 2 per cent gain on S&P BSE Sensex so far in FY24.

Puneet Wadhwa New Delhi

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4 min read Last Updated : Apr 27 2023 | 12:41 PM IST

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The mid-and small-cap segments at the bourses have outperformed their larger peers thus far in fiscal 2023-24 (FY24). While the S&P BSE Small-cap index has surged around 5.7 per cent in FY24, the S&P BSE Midcap index has gained 4 per cent during this period. In comparison, the S&P BSE Sensex has moved up around 2.2 per cent.

The recent surge in the mid-and small-caps, according to Gaurang Shah, senior vice-president, Geojit Financial Services could have been triggered by some fund houses buying into these segments. However, he suggests investors remain cautious and do not jump in just yet to buy stocks from these two segments.

“Investors need to be cautious as regards mid-and small-caps. The recent outperformance needs to sustain and has to be backed by an improvement in earnings as well. One cannot paint the entire mid-and small-cap segment with a single brush. Instead, there will be pockets of outperformance and underperformance. I sugg