Mid- and Small-Cap Stocks Rally on Strong June Quarter Earnings
· Business · Economic Times
Mid- and small-cap companies in India reported their strongest revenue growth in 16 quarters during the April-June period. Aggregate revenue for Nifty MidCap 150 firms climbed 20%, while operating profits rose 27% year-on-year. Small-cap companies performed even better, with aggregate net profits surging 42.5% in the same quarter. These results were achieved despite rising commodity prices and ongoing geopolitical tensions in West Asia. Analysts attribute the performance to a combination of favorable base effects, improved operating leverage, and margin expansion.
Why it matters
The robust earnings performance signals resilience in India's broader equity market, potentially sustaining investor interest in mid- and small-cap segments despite global economic headwinds.
Read the original report — Economic Times
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