Adani Enterp. 2443.00↑9.35(0.38%)
Adani Ports 746.25↑0.85(0.11%)
Apollo Hospitals 5008.95↑68.85(1.39%)
Asian Paints 3214.90↑2.15(0.07%)
Axis Bank 978.20↑10.00(1.03%)
B P C L 362.20↑6.05(1.70%)
Bajaj Auto 4760.00↑33.75(0.71%)
Bajaj Finance 7090.50↓-23.45(-0.33%)
Bajaj Finserv 1477.50↑2.40(0.16%)
Bharti Airtel 833.95↑4.50(0.54%)
Britannia Inds. 4850.05↑144.65(3.07%)
Cipla 975.55↑3.50(0.36%)
Coal India 230.20↑2.40(1.05%)
Divi's Lab. 3552.25↑14.35(0.41%)
Dr Reddy's Labs 4662.55↑25.90(0.56%)
Eicher Motors 3723.80↑18.70(0.50%)
Grasim Inds 1758.95↓-7.45(-0.42%)
H D F C 2638.80↑3.45(0.13%)
HCL Technologies 1126.20↓-2.40(-0.21%)
HDFC Bank 1603.00↑3.60(0.23%)
HDFC Life Insur. 592.00↑12.30(2.12%)
Hero Motocorp 2946.00↑41.20(1.42%)
Hind. Unilever 2699.20↑8.05(0.30%)
Hindalco Inds. 415.60↑0.05(0.01%)
ICICI Bank 940.00↓-2.10(-0.22%)
IndusInd Bank 1311.95↑5.95(0.46%)
Infosys 1286.45↑7.45(0.58%)
ITC 444.20↑1.40(0.32%)
JSW Steel 716.20↑3.35(0.47%)
Kotak Mah. Bank 1950.00↓-9.05(-0.46%)
Larsen & Toubro 2295.55↑17.60(0.77%)
M & M 1411.50↑0.30(0.02%)
Maruti Suzuki 9762.05↑25.85(0.27%)
Nestle India 22184.95↑479.55(2.21%)
NTPC 175.85↑0.45(0.26%)
O N G C 153.55↓-0.10(-0.07%)
Power Grid Corpn 238.65↑3.35(1.42%)
Reliance Industr 2475.90↓-3.45(-0.14%)
SBI Life Insuran 1240.00↑17.00(1.39%)
St Bk of India 586.85↑1.50(0.26%)
Sun Pharma.Inds. 1014.05↑0.25(0.02%)
Tata Consumer 812.45↑20.35(2.57%)
Tata Motors 556.00↑0.25(0.04%)
Tata Steel 109.20↑0.20(0.18%)
TCS 3252.00↑19.70(0.61%)
Tech Mahindra 1087.85↑1.60(0.15%)
Titan Company 2872.05↓-9.40(-0.33%)
UltraTech Cem. 8121.00↑11.45(0.14%)
UPL 695.35↑1.35(0.19%)
Wipro 401.35↑1.40(0.35%)

Small-caps steal a march over large-caps, look primed for outperformance

Moreover, the upmove in the equity markets will shift towards small-caps, the brokerage predicts

Sundar Sethuraman Mumbai

Concerns of a taper gain significance as the delta variant threatens the global economic recovery.

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The only headwind against a revival of small-caps is a broad-based correction due to some extraneous factor

3 min read Last Updated : May 17 2023 | 7:45 PM IST

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Stocks in the small-cap universe have started to outperform large-caps. On Wednesday, the National Stock Exchange Nifty Smallcap 100 rose 0.53 per cent, even as the Nifty fell 0.6 per cent. This was just a persistence of a trend seen over the past month when the Nifty Smallcap 100 gained 6.1 per cent and the Nifty 2.7 per cent.

After underperforming the Nifty for 18 months, small-caps look primed for outperformance, observe analysts.

While the Nifty50 and the Nifty Midcap 100 have come close to hitting new lifetime highs, the Nifty Smallcap 100 is still some distance away, signalling more value. The index hit a record high of 12,047 in January 2022 and is currently trading at 9,938 — nearly 18 per cent lower.