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Mid & smallcaps continue to bleed in 2019; 11 high-quality picks by Elara Capital

Analysts are of the view that volatility is likely to increase as we head towards elections and investors should stay away from mid & small-cap stocks

February 12, 2019 / 09:47 AM IST
  • bselive
  • nselive
Todays L/H

Remember, most experts were advising investors to stay away from mid & smallcaps in 2018. Well, it turns out that selling has continued in the broader market in 2019 as well.

In comparison, both Sensex and Nifty closed the year 2018 on a positive note with single-digit returns, but broader market witnessed double-digit cuts in the same period.

Midcaps have in the recent past underperformed the largecaps. Over the last 12 months, midcaps have corrected 19 percent as against the Nifty’s decline of 2 percent. However, over the last five years, midcaps have outperformed by 46 percent, said a Motilal Oswal report.

The trend seems to have continued in 2019 as well. The S&P BSE Sensex has risen a little over 1 percent while BSE Midcap and BSE Smallcap index have dropped more than 7 percent each so far in 2019, data compiled by AceEquity showed.