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/PRNewswire/ -- The "Debt Collection Software Market Share, Size, Trends, Industry Analysis Report, By Component, By Organization Size, By Deployment Type, By...
After a sharp outperformance in the mid-and small-cap segments in the first half of calendar year 2023 (H1-CY23), analysts are now turning cautious on these two market segments and suggest investors stay selective and look for valuation comfort and earnings visibility before investing. The S&P BSE Midcap index has surged 13.7 per cent in H1-CY23, and the S&P BSE Small-cap index gained 12.7 per cent during this period, data shows. The S&P BSE Sensex, in comparison, has moved up 6.4 per cent.
Infosys is down 11% this year, Wipro 1%, while TCS has risen only 1%. Tech Mahindra, HCL Tech, and MindTree have managed to gain between 11-19%, but interestingly, their upside seems dwarf in front of high double-digits to multibagger returns offered by some Tier-2 IT companies.
Thirty-three Indian stocks have more than doubled investors' wealth in H1 2023. As of H1, the benchmark S&P BSE Sensex has given a 3.5% return, but a majority of the multibagger stocks identified come from the midcap and small-cap categories. Among the 33 stocks, six each are from the capital goods and information technology sectors, and over 100 stocks have beaten the benchmark by between 50-100%. Money managers recommend that investors continue to look for value buys from a long-term perspective.
Multibagger stock: Nucleus Software Exports shares, which closed at Rs 248.2 on June 23, 2020 rose to Rs 1025 in the previous session (June 23 2023), clocking 313% returns during the period. In comparison, Sensex has risen 77.76% in three years.