Strong earnings propel mid- and small-cap stocks to a significant rally on D-St
Mid and small-cap firms achieved their sharpest revenue growth in sixteen quarters. Aggregate revenue climbed twenty percent, and operating profit rose twenty-seven percent. Net profit surged twenty-three percent, marking a second quarter of double-digit growth. Small-cap companies reported even stronger net profit jumps of forty-two percent. These robust results fueled significant gains in their…
Mumbai witnessed a significant rally in mid- and small-cap stocks as strong earnings from these companies propelled the market on D-St. In the June quarter, the Nifty MidCap 150 index recorded its sharpest revenue growth in 16 quarters, with aggregate revenue climbing 20%. Similarly, the Nifty SmallCap 250 index showcased an even stronger performance, with aggregate net profit increasing by 42.5%, marking the largest jump in six quarters.
Despite rising commodity prices, primarily oil, the mid- and small-cap companies managed to post impressive earnings growth.
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