India’s smallcap market is experiencing a severe downturn, with over 1,000 stocks falling at least 20% from their peaks. This broad-based correction, driven by significant earnings misses and a valuation reset, has seen many companies collapse by over 50%. Analysts suggest the worst of the froth may be gone, but future recovery hinges on consistent earnings growth.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets