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Podcast: Moneylife News Bites
Episode: Small Caps: Strength through Adversity
Description: India’s stock market is witnessing a striking paradox. Large-cap stocks appear resilient despite weak earnings growth, while small- and micro-cap companies—many reporting strong sales and profit growth—have seen their stock prices decline sharply. In this analysis, Debashis Basu examines how this divergence emerged after the September 2024 peak, the impact of reduced government capex, US tariffs, FII outflows, rupee weakness, and slowing consumption, and why market underperformance has been more severe beneath the surface.Drawing on the latest quarterly data, he highlights how Nifty Smallcap and Microcap companies have delivered robust operating and net profit...