In 2025, around 17 small-cap stocks delivered outstanding multibagger returns, emerging as standout market performers. However, in the recent months of 2026, global uncertainties, rising geopolitical tensions, and higher crude oil prices have dampened investor sentiment, and the market has seen a sharp correction, which has also dragged down small-cap stocks.
Within just the first three months of 2026, 9 of these high-flying small-cap stocks corrected by 10–30%, highlighting a key market lesson: while small caps can generate rapid wealth, they are equally prone to sharp pullbacks when conditions change. (Data Source: ACE Equity)
In 2026 so far (less than three months), the stock has fallen 31% from Rs 206 to Rs 141. In 2025, the stock had gained 101%.