As many as 70 stocks with over ₹1,000 crore in market capitalisation have declined between 15% and 50% in the last five trading sessions. Brokers are asking clients to liquidate their leveraged bets in the wake of regulatory warnings and concerns about smaller shares being overheated after a crackdown on a hawala operator for stock manipulation.
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Securities and Exchange Board of India raises concerns over increased stakes in mid-cap and small-cap stocks by mutual funds, leading to rich valuations and vulnerability in case of a sell-off.
Samvat 2079 has been a good year for small and mid cap stocks as equity markets navigated the highs and lows of interest rate uncertainties and geopolitical tensions. The smallcap indexes have surged over 30% during this period, compared with 9% gain in benchmark Sensex.
In a day marked by remarkable market activity, several small-cap stocks achieved unprecedented milestones by reaching new all-time highs on October 4. These exceptional performances underscore the potential and strength of these smaller companies, offering investors exciting prospects in the smallcap segment.
