Following an eight-week losing streak in the Nifty, its first such run since 2001, domestic brokerage PL Capital remains cautious on the near-term market outlook. The brokerage does not expect a V-shaped recovery and does not rule out a further decline before the market enters a consolidation phase. The brokerage said the Nifty is currently trading at 15.5 times its one-year forward earnings, a 19.3% discount to its 15-year average price-to-earnings multiple of 19.2 times. Here are 8 small, midcap stocks the brokerage is bullish on.
10 smallcap stocks surge up to 65% in 3 months despite market weakness
Over the past three months, the Nifty 50 has declined nearly 4%, while the Nifty Smallcap 350 index has shed around 2.5%, reflecting weakness across
October 17, 2026