Nifty rout hides a striking bull run: Smallcap universe gives 60 multibaggers since last Diwali

The market’s broad weakness has concealed a notable rally in parts of the smallcap segment. Since last Diwali, 60 stocks in the smallcap universe have emerged as multibaggers, even as the Nifty went through a rout.

A sharp contrast within the market

The performance highlights the divergence between the benchmark index and smaller companies. While the Nifty’s decline has shaped the broader market narrative, a group of smallcap stocks delivered substantial gains over the same period.

The figure of 60 multibaggers points to the breadth of the rally within the smallcap universe. It also shows that weakness in a major market benchmark did not prevent selected smaller stocks from recording significant returns.

Why the trend matters

The contrast provides a more detailed view of market performance than the Nifty’s headline movement alone. Investors tracking only the benchmark may have missed the gains generated by these smallcap companies since last Diwali.

However, the available information identifies the number of multibaggers and the period involved but does not provide details on the individual companies, their returns or the factors behind their performance.

Conclusion

The smallcap universe has remained a standout pocket of the market despite the Nifty rout. Its tally of 60 multibaggers since last Diwali underscores the uneven nature of market performance.