Smallcaps set for worst Samvat in 6 yrs

BSE Smallcap index has slipped 3.5%, while BSE Sensex is up 5.7% in Samvat 2081

- DEEPAK KORGAONKAR & PUNEET WADHWA

It has been a forgettable Samvat 2081 for smallcap stocks, with the BSE Smallcap index giving a negative return for the first time in six years.

The index has slipped 3.5 per cent in the Hindu calendar year. The Nifty50 and BSE Sensex were up 6.2 percent and 5,7 percent, respectively, in Samvat 2081.

BSE Smallcap had slipped 15.5 per cent and 8.8 percent, respectively, in Samvat 2074 and 2075. The BSE Midcap index has given a 1 per cent return in Samvat 2081, after 41 per cent and 31 per cent returns in the past two Samvat years. “Investor focus was mostly on large and midcaps this Samvat in the backdrop of global developments and tepid earnings growth back home. For smallcaps, September 2025 quarter (Q2 FY26) earnings will be crucial in reviving sentiment. That said, stock and sector-specific moves will continue if the earnings remain robust,” said Gaurang Shah, head investment strategist at Geojit Financial Services.