Small & midcaps could see prolonged phase of pain; reduce exposure in speculative stocks: Gaurav Dua - Economic Times

“The CNX Smallcap Index tends to decline by 25-35% whereas individual stocks can correct by 30-70% in the corrective phase. Thus, it would be better to reduce exposure in speculative stocks with weak fundamentals in case of bounce back.”

We expect a prolonged phase of pain in the broader markets. Normally, the corrective phase in small-cap stocks tends to last for a period of 12-15 months after a sharp multi-month one-way rally, says… [+3965 chars]

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