The frenzy in smallcap and midcap stocks this year may soon give way to the return of the blue chips owing to this crucial metric: valuations. So far in 2024, the Nifty 50, comprising largecap companies, has delivered around 12% returns to investors, while the Nifty Midcap 100 and Nifty Smallcap 250 have delivered 22% and 25%, respectively, market data …
