"Midcap and Smallcap Stocks Correct, but Valuations Stay Elevated: Chirag Setalvad" Midcap and Smallcap Valuations Ease, but Froth Remains: Insights from Chirag Setalvad Midcap and Smallcap Corrections: Froth Persists The midcap and smallcap indices have undergone significant corrections, with premiums reducing from their earlier highs of 40-45% to 25-30%. Chirag Setalvad, Head of Equities at HDFC AMC, highlights that despite these corrections, valuations are still not close to long-term averages. He adds, “While smallcaps have corrected substantially, midcaps still hold a bit more froth. However, individual opportunities are now emerging, particularly in the smallcap space.” Largecap Valuations Remain Steady In contrast, largecap stocks were never overly expensive, with premiums hovering around 10%. This level of valuation was reasonable to begin with and has remained so. Setalvad emphasizes, “Largecaps continue to offer a stabl.... if you want to know more click 👇 below the link
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