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Rally in Smids counters hits a speed bump on profit booking
Mint Mumbai
|February 14, 2024
The investor euphoria surrounding certain small and midcap (Smid) counters seems to have abated with the stocks having fallen by 20-30% or even more from their prior highs.
A fall of 10-20% from recent highs is defined as a correction, while a fall more than 20% is a bear market. However, despite the recent correction, market experts are mixed in their outlook for smids, with some expecting returns to moderate while others believe a periodof bearishness lies ahead.
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