Opinion | Good research may throw up a few multibaggers in the micro-cap space
Micro-caps as a category will remain a feeder for the small-cap category and beyond
As the benchmark indices stay near all-time highs, a rising concern among investors is poor performance in parts of the market. Through 2018 and 2019, the small- and mid-cap space suffered a sharp fall in valuations. This was worsened by an earnings contraction in many companies. This led to a double whammy for investors in several companies who were affected by the twin impact of lower valuation multiples and contracting earnings.