Perspective on Fall in Smallcaps and Midcaps By Ms. Sneha Poddar, Motilal Oswal Financial Services
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Below is perspective on Fall in Smallcaps and Midcaps By Ms. Sneha Poddar, AVP Research, Broking & Distribution, Motilal Oswal Financial Services
“Post the sharp rally in midcaps and smallcaps, profit booking is being witnessed across them as the valuations for many stocks have touched unrealistic levels. However, if we remove some of the very expensive names, then this correction do offer bottom up opportunities, given the more relaxations being offered and pick-up in economic activities, buoyant festive mood and an improved demand backdrop. The balance sheets and cash flows continue to improve as corporates tightened costs and deleverage. Going ahead, Q2FY22 earnings delivery vs earnings expectation would provide further direction to the market.”
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