The recent correction in small and mid-cap stocks has opened up fresh investment opportunities, according to Resham Jain, Fund Manager at DSP Mutual Fund. While the indices have rebounded slightly, smallcaps remain down 23-24% from their peak, and midcaps are still 20% lower. Jain explained that the decline is due to a combination of earnings moderation and a price-to-earnings (PE) ratio re-rating.
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