Smallcaps have surged 2.3x since April 2023. Why Vikas Khemani still sees India’s next multibaggers here
Indian markets moved higher in a quarterly results development.
· Economic Times Markets, ET Stocks
Smallcaps have surged 2.3 times since April 2023, but Carnelian Capital founder Vikas Khemani believes the segment still offers India’s next multibaggers. Despite elevated valuations, stronger earnings growth, greater domestic exposure, and a wider pool of high-growth businesses could create opportunities for investors who focus on stock selection and management quality.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Sector exposure: Capital Goods & Engineering, Capital Markets.
- The immediate tone of coverage reads positive.
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