Market Smallcap, midcap stocks to see upsurge in near future, says Morgan Stanley; lists top picks Updated : August 20, 2020 03:32 PM IST Small and mid-cap stocks went into a prolonged phase of underperformance after peaking in early January 2018. But lately, the broader market's relative performance is helping as a forward-looking stock market is possibly anticipating better growth. It believes that the reversal in relative SMID performance, which began in April 2020, is likely to continue. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.