Upbeat on Stocks, Yet Staying Vigilant

Following a lacklustre FY23, the initial months of the new financial year have presented an encouraging outlook for the broader market. Both the Small-Cap and Mid-Cap indices have exhibited promising returns in the mid-teens, surpassing the performance of the Large-Cap index, which remained confined to single-digit gains. Upon analysing the indices data, it shows that constituents of the Small Cap 250 index achieved an impressive average return of 20 per cent, while the Mid Cap 150 index constituents recorded a respectable average return of 15 per cent. Some of the constituents haves generated return of more than 50 per cent.