Nifty Microcap 250 surges 29% in 2024, outruns mid, smallcap indices

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Nifty Microcap 250 surges 29% in 2024, outruns mid, smallcap indices - Business Standard

Quick Summary:

Investors, he believes, bought into new ideas and sectoral rotation happened.“That said, the upswing in a lot of these microcaps has made valuations expensive as compared to the larger peers.

Among individual stocks, IFCI Ltd., Kirloskar Brothers, Azad Engineering, Puravankara, Ganesh Housing Corporation, Sharda Motor Industries, Shipping Corporation of India, Kirloskar Oil Engines, H.G.

In the process, the Nifty Microcap 250 index outran its peers such as the Nifty 50, Nifty Midcap 150, Nifty Smallcap 100 and Nifty Smallcap 250, data shows.