How India’s small caps delivered their best month in 12 years — and which companies actually earned it
- Posted on May 11, 2026
- By Financial Express
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- 1 min read
How India’s small caps delivered their best month in 12 years — and which companies actually earned it
India’s small-cap rally delivered its best monthly performance in 12 years despite geopolitical tensions, rising crude prices, and FPI outflows. But while some stocks surged on strong earnings and structural business shifts, others may have run ahead of fundamentals.