The combined m-cap of BSE Smallcap index of 1,000 stocks has grown by Rs 26 lakh crore to Rs 66 lakh crore now in this financial year. In the process, 252 stocks or every fourth stock in the smallcap index has given multibagger returns.
The Nifty Microcap 250 index has surged over 100% in FY24, while during the same period, the Nifty50 index has gained 27%. It s noteworthy to know that 96 out of the 250 stocks in the microcap index have become multibaggers in FY24, and in fact, 192 stocks have outperformed the Nifty Microcap index during this time frame.
At least 31 companies that have reported a double-digit earnings growth for three quarters in a row saw consistent rise in the foreign institutional holding, data analysed by ETMarkets showed.