Euphoria to exodus: Liquidity crunch, not earnings, hurt small, mid-caps more. And, there is more pain ahead.
Mid- and small-cap stocks have borne the brunt of the market correction in the last 12 months, witnessing deeper drawdowns and far greater volatility compared to their large-cap peers, a mint analysis shows. Within the Nifty 50 stocks, 16 are trading 15% to 33% below their 52-week highs. In contrast, the broader Nifty 500 shows…