The calendar year of 2021 has so far belonged to the mid and small-cap stocks that are seeing a massive outperformance over their large-cap peers. On a year-to-date (YTD) basis, the S&P BSE MidCap index and S&P BSE Small-Cap index have surged 28 per cent and 39 per cent, respectively, as compared to around 10 per cent rise in the S&P BSE Sensex.

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The overall sentiment towards broader market stocks has been favorable with the small-cap index closing in the green for four consecutive months.