In aggregate the valuations for the midcap are not too far away from long period averages while small caps are still away from their own mean. But as always there are differences across sectors. I do not see major froth building in a hurry and expect opportunities to be available on a bottom basis across both cohorts for investors looking at the next few quarters.
We expect as economic conditions stabilize and corporate earnings improve, there could be a sharp rebound in stock prices. Mid and small cap is also expected to benefit from India's economic recovery and government initiatives like the PLI scheme, Atmanirbhar Bharat and PM Gati Shakti, which are boosting sectors such as infrastructure, manufacturing, defense, and renewable energy.
Tata Motors share price : Tata Motors reported flat domestic sales in March 2025, delivering 90,500 units compared to 90,822 units in the same month last year. While passenger vehicle (PV) sales, including electric vehicles (EVs), rose 3% to 51,872 units, commercial vehicle (CV) sales dropped 3% to 41,122 units.
Asian shares nosedived on Monday after the meltdown Friday on Wall Street over U.S. President Donald Trump's tariff hikes and the backlash from Beijing.
Stocks that were in focus include names like Shriram Finance, which rose 0.44% and BEL, which declined 3.2% and RITES, whose shares rose 0.6% on Wednesday.
Brent futures declined $2.28, or 3.5%, to $63.30 a barrel at 0049 GMT, while U.S. West Texas Intermediate crude futures lost $2.20, or 3.6%, to $59.79. At the session low, both benchmarks hit their lowest since April 2021.
Gold dropped more than 3% on Friday as investors sold off bullion to cover their losses from a wider market meltdown as an intensifying trade war sparked concerns of a global recession.
On Black Monday, the Dow Jones Industrial Average in the US plunged 22.6% - the steepest one-day percentage drop in its history. The selloff was triggered by a mix of overvalued markets, rising interest rates and panic selling amplified by computer-driven trading. The stock market recovered most of the losses soon, following intervention by the US Federal Reserve.
Despite broader weakness, stock-specific bullish setups are visible in Marico, Bajaj Finance, Max Healthcare, HDFC Bank, Tata Consumer, MFSL, Indus Towers, Nestle, Pidilite Industries, ICICI Bank, Hindustan Unilever, and Apollo Hospitals.
