The small-caps were hit on the chin with the S&P BSE Small-cap index slipping nearly 7 per cent thus far during in FY23, underperforming the S&P BSE Midcap and the BSE 500 indexes
If the Nifty small-cap index manages to leap over the 200-day moving average (DMA), this would trigger a positive sentiment in most of the small-cap stocks
While investors dumped mid-and small-cap stocks as the markets remained choppy over the past few weeks, analysts still expect these two segments to see good interest from a medium-to-long term
Shares of Urja Global were locked in the upper circuit for the 15th straight day, up 5 per cent at Rs 18.66, quoting at an all-time high level on the BSE.
In the past one month, the S&P BSE Smallcap index has gained 4.8 per cent, as against a 4.6 per cent rise in the S&P BSE Midcap index and a 2.1 per cent rise in the S&P BSE Sensex
Smaller stocks have rewarded investors with high returns as the smallcap index jumped by 29.72 per cent so far this fiscal, outshining its bigger benchmark gauge
The smallcap index touched 11,951 levels, its lowest level since December 29, 2016, while the midcap index hit a low of 12,915, its lowest level since February 1, 2017
Thus far in CY18, the S&P BSE Small-cap index has underperformed by falling 18%, as compared to 14% decline in the S&P BSE Midcap and 3% rise in the S&P BSE Sensex.
