20 stocks gave stellar returns even as mid, small-caps disappointed
After a dismal performance in 2018, the year 2019 is expected to be a good year on hopes of earnings revival and rally in select stocks
The broader markets are heading to close 2018 on a disappointing note after a stellar run in 2017. The year started on a strong note with midcap and smallcap indices hitting record highs in January but the correction in subsequent months stunted their growth trajectory.Experts feel the key reason was the high valuations after a stupendous run in 2017.The BSE Midcap index fell 15 percent (versus 48 percent rally in 2017) and smallcap plunged nearly 25 percent (versus 60 percent upside) while the 30-share BSE Sensex gained 5.6 percent upside (against 28 percent upside).He further said earnings growth hasn't matched the nominal GDP growth as well as the growth in valuation multiples for the past few years, in both Nifty and the broader market.
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