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How big is the smallcap crisis? Headlines can't do justice as 1,000 stocks drop at least 20% from peak

India's smallcap market is experiencing a severe downturn, with over 1,000 stocks falling at least 20% from their peaks. This broad-based correction, driven by significant earnings misses and a valuation reset, has seen many companies collapse by over 50%. Analysts suggest the worst of the froth may be gone, but future recovery hinges on consistent earnings growth.