Investor interest in Indian small-cap stocks is likely to remain limited in the near term, as they are seen as relatively unattractive in valuation terms to largecaps unless supported by meaningful earnings upgrades.
Investors have been making a strong case for a broad-based rally in 2020 on higher participation from smallcaps that would improve market breadth to sustain the equity momentum from last year. However, a fall in earnings of smallcaps has eroded their relative valuation all ..
