Time to bag small & midcaps after recent decline? 15 stocks fall 40-70% since August
Updated : November 16, 2018 02:05 PM IST
Selling in some small & mid-cap stocks started in the beginning of 2018 also —thanks to high valuations, but the pressure increased further post August on a host of global as well as domestic factors.
Among the domestic factors which grappled the broader market in the past few months were — resignation of auditors in the small & mid-cap companies highlighting lack of governance, stretched valuations, absence of earnings growth; and additional surveillance measures that were introduced by the market regulator to bring down volatility.
A lot of stocks which have corrected significantly from their highs present a good opportunity for investors to add quality to their portfolio, suggest experts.