
India’s equity market has seen significant volatility this fiscal year, marked by sharp swings in sentiment. Yet the market has managed to stay in positive territory. Amid this turbulence, the small-cap space has delivered some standout performers. Notably, several stocks that plunged over 35% in FY25 have made a dramatic comeback in FY26. In fact, about 14 small-cap stocks have surged 50%–500% this fiscal year, turning last year’s major losers into this year’s biggest winners. (Data ACE Equity) Smallcap Rebound