Despite concerns over unsustainable valuations and froth-building, the ascent of mid-and small-cap segments continues unchecked. Although the midcap and smallcap indices have consistently outperformed benchmarks over the past year and in year-to-date 2024, as well as in most individual months this year, May saw midcaps outperforming while smallcaps underperformed the benchmarks.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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