After a sharp outperformance in the mid-and small-cap segments in the first half of calendar year 2023 (H1-CY23), analysts are now turning cautious on these two market segments and suggest investors stay selective and look for valuation comfort and earnings visibility before investing.
The S&P BSE Midcap index has surged 13.7 per cent in H1-CY23, and the S&P BSE Small-cap index gained 12.7 per cent during this period, data shows. The S&P BSE Sensex, in comparison, has moved up 6.4 per cent.
Retail investors, according to G Chokkalingam, managing director for research at Equinomics Research & Advisory, have been bullish on mid-and small-caps, which is their favourite go-to destination when it comes to investing in the markets. As a result,