look news india
Although due to the current boom in the market, various indices are seeing a significant increase, but the interesting thing is that.
Investor interest is rising in stocks with an m-cap of less than Rs 5,000 crore, known as microcaps. As a result, the Nifty Microcap 250 index on the NSE has gained 28.8 per cent so far in 2024, higher than the 13.3 per cent recorded in the Nifty, 24.9 per cent in the Nifty Midcap index and 25.9 per cent in the Nifty Smallcap index.
On Tuesday, the Nifty Microcap 250 index hit an intraday high of 24,179, very close to its record high of 24,278. However, according to experts, the prices of microcap stocks are currently much higher than the stocks of large cap companies operating in the same sector, so a cautious approach needs to be adopted while investing in such stocks at the current highs. Also, it becomes essential that these listed companies maintain their earnings growth in accordance with the increase in their prices. However, they also believe that the fundamentals of some of the stocks in this segment are still strong.