Nifty Is Down 11%, But These 60 Smallcap Stocks Have Rallied Up To 650% Since Last Diwali
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty fell 11% since last Diwali, yet 60 smallcap stocks rallied up to 650%.
- ✓Sterlite Technologies led the gains with a 649.7% rise.
- ✓Sorbh Gupta said, "Smallcaps offer long-term wealth creation opportunities but come with higher volatility and valuation risks." Many investors now watch these stocks for future growth.
Story at a Glance
- Category
- MARKET
- Reported By
- NDTV Profit
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Indian equities have had a difficult year since last Diwali, with the Nifty declining more than 11%. However, beneath the benchmark's weakness, a select group of smallcap stocks has delivered exceptional returns, with 60 companies more than doubling investors' money and the biggest winner surging nearly 650%.
According to an analysis of stock returns published by The Economic Times, Sterlite Technologies emerged as the top performer, with its shares rallying 649.7% since last Diwali. The optical connectivity and digital infrastructure company has attracted investor interest amid growing demand for data centres, artificial intelligence and communications infrastructure.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
NDTV Profit
Read the full, original unfiltered story directly on the publisher's portal.