After the blistering rally in 2004-2008, most of these stocks started crashing in January 2008 triggered by the Global Financial Crisis (GFC). The recovery in infrastructure and construction-related stocks began only in 2020-2021 though many of them are still far away from their 2007-08 peaks.
Small and midcaps rebound not driven by fundamentals, but surplus cash: S Naren
You have to see FMCG sector doing well. You have to see two-wheeler sector doing much better. You have to see the entry-level car markets