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16 small-cap stocks from this sector rallied over 200% in just 1 year; will the momentum sustain?

Share price of the little-known IT services companies rallied to Rs 121.44 on February 22, 2024 against Rs 3.23 a year ago. For the nine-month ended December 2023, Archana Software reported a loss of Rs 0.10 crore against Rs 0.09 crore in the same period a year ago.
United States Anish Tawakley Nimesh Chandan Alphalogic Techsys Archana Software Olatech Solutions

Warning signs flash for over 100 smallcap multibaggers. Is it a bubble waiting to burst?

The Nifty SmallCap 100 is trading at a high P/B value of 6.7, and at least 128 smallcap multibaggers are trading above their 5-year average PE level. Companies in sectors like chemicals, consumer durables, energy, IT, and BFSI are overheated. The recent Q3 earnings season has added to concerns about expensive valuations for PSU railways, defence, and power stocks.
Ritesh Presswala Varun Lohchab Piccadily Agro Santosh Meena Mishra Dhatu Nigam Head Of Research

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