Smallcaps with double-digit returns turned multibaggers in Q1 2024, led by Waaree Renewable Technologies and Diamond Power Infrastructure. Despite caution due to SEBI warnings, experts like Rishabh Goel and Varun Saboo remain optimistic about smallcaps earnings growth potential.
The Sensex has surged over 12% in the past five months, with 90 stocks on the BSE gaining over 100%. Seven smallcap stocks have consistently recorded monthly gains of 10%. Market experts attribute the rally to robust corporate performances, positive economic indicators, and increased investor confidence. Sebi has expressed concern over the unfiltered rally in smallcap space.
TVS Motor, VPRP, Senco Gold, IFCI among 51 stocks that hit 14-week highs; 9 slip to 52-week lows financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.