Is the smallcap rally a trap? Only 37% of stocks are outperforming their benchmark
India’s smallcap rally is flashing a warning beneath the surface: the index may be powering ahead, but fewer than four in every 10 constituent stocks are keeping pace. Only 37.2% of stocks in the Nifty Smallcap 250 have outperformed the benchmark in 2026, the lowest proportion in eight years, even as the index delivered the…