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    Small, mid-cap stocks steal the show; outshine bluechips
    Monday, May 1, 2017 IST
    Small, mid-cap stocks steal the show; outshine bluechips


    Small and mid-cap stocks on BSE have given handsome returns of up to 27% to investors so far this year, outshining their large peers.

    While the mid-cap index soared 2,767.11 points or 23%, gains were sharper for a small-cap index which recorded a surge of 3,326.38 points or 27.61%, shows an analysis of their performance so far this year.

    On the other hand, the 30-share bluechip index Sensex has gained 3,291.94 points or 12.36%. The index hit an all-time high of 30,184.22 on Thursday.

    As for the mid-cap index, it scaled a record high of 14,849.66 on Wednesday and small-cap index 15,486.40 level on the same day as well.

    Also, total foreign inflow has reached Rs 91,385 crore ($14 billion) so far this year in the capital markets (equity and debt).

    "A rally in midcap stocks raises confidence among aspirational small-cap and mid-cap companies that they too may get good valuation riding on investor appetite for such papers," said Paras Bothra, President - Equity Research, Ashika Stock Broking.

    Market experts say smaller stocks are generally bought by local investors, while overseas investors go for blue-chips.

    The mid-cap index tracks companies with a market value that is on an average one-fifth of blue-chips or large firms.

    Small-cap firms are almost a tenth of that.

    "Political outcomes in European elections and geo- political tensions escalating will keep things interesting on the global news flow side, while monsoon panning out should keep us on our toes domestically," Kunj Bansal, Executive Director & CIO Equity , Centrum Wealth Management has said.

     
     
     
     
     

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    Shibu Chandran
    2 hours ago

    Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

    November 28, 2016 05:00 IST
    Shibu Chandran
    2 hours ago

    Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

    November 28, 2016 05:00 IST
    Shibu Chandran
    2 hours ago

    Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

    November 28, 2016 05:00 IST
    Shibu Chandran
    2 hours ago

    Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

    November 28, 2016 05:00 IST


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