Small cap stocks can sometimes surprise by yielding large returns to investors. But 2010 brought no such luck as increments were true to their name and mid-caps too took a hit on reports of stock price manipulation in some companies.
A review from December 31,2009 to December 16,2010 suggests that the mid-cap index and small cap index witnessed a growth of 12.65 per cent and 9.88 per cent,respectively,while the Bombay Stock Exchange barometer Sensex outperformed with a gain of 13.74 per cent during the period.
Mid-cap and small cap saw a robust performance till November with both the indices hitting a 52-week high on November 11,but the game changed near the end of the year with a string of scams hammering the sector.