Investors need to lighten their long bets and move to cash, as correction may provide a better entry point soon. We expect the correction to continue in IT, media and FMCG stocks.
Midcap, small cap outperform large caps on margins amid rising input costs
Large-cap firms saw operating margins contract significantly year-on-year. Mid- and small-cap companies experienced lesser margin contractions amid rising costs. These smaller firms also achieved higher