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Are tailwinds for small & midcaps, PSUs fading? Here’s what Nuvama thinks
Calling it an equity euphoria that has gripped the domestic cyclicals such as real estate, PSUs, industrials and SMIDs (small & midcaps) — leading to a 50-100% rally — Nuvama said strong revival in profits in FY24 versus moderation in FY23 were the trigger points for the rally.