While the benchmark Nifty slipped nearly 3% over the past three months, weighed down by rising global uncertainties such as the Iran–US conflict and other macroeconomic headwinds, the microcap segment scripted a completely different story. Defying the broader market weakness, the Nifty Microcap 250 Index surged around 20% during the same period, rewarding investors who ventured beyond the large-cap space.The rally was nothing short of remarkable. As many as 13 microcap stocks delivered stellar returns ranging from 70% to 250% in just three months. Even more striking, five of these stocks emerged as multibaggers, more than doubling investors' wealth within a quarter.(Data Source: ACE Equity) Microcaps Lead Gains