The Economic Times

Smallcaps have surged 2.3x since April 2023. Why Vikas Khemani still sees Indias next multibaggers here

Smallcaps have surged 2.3 times since April 2023, but Carnelian Capital founder Vikas Khemani believes the segment still offers Indias next multibaggers. Despite elevated valuations, stronger earnings growth, greater domestic exposure, and a wider pool of high-growth businesses could create opportunities for investors who focus on stock selection and management quality.