Dinshaw Irani is bullish on Indian mid and smallcap stocks, expecting them to significantly outperform largecaps in the December and March quarters. He points to compelling earnings growth differentials, with midcaps growing 25-26% and smallcaps 37% in the September quarter, compared to largecaps at 10%, further supported by favorable base effects.

Dinshaw Irani’s track record: 3 graded calls · 95% CI 0–56%

Nifty Midcap 50BullishCalled 21 Jan 2026Graded 19 Jul 2026
Verdict:MISS

Nifty Midcap 50 decreased from ₹16672.00 to ₹15295.45, a decline of 8.26% over 69 days, which contradicts the bullish outlook.

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