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Results season litmus test for small-caps
Financial Express Mumbai
|April 05, 2024
THE UPCOMING MARCH quarter earnings season is set to be a litmus test for smallcap companies as they will need to justify their premium valuations amid continued exuberance in their stock performances.
After stellar 60% gains in FY24, the S&P BSE Smallcap index has continued its bull run in the first few trading sessions of FY25 notwithstanding the valuation worries.
The smallcap index has already risen over 6% in 4 trading sessions this fiscal year, more than recovering the 4.6% losses seen in March, which was its worst month in around 2 years.
The correction in March followed the comments from Securities and Exchange Board of India's (Sebi) chairperson Madhabi Puri Buch about the build-up of froth in the broader market.
This story is from the April 05, 2024 edition of Financial Express Mumbai.
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