印度中小股票在2025年因高估值,卢比下跌和外汇外流而落后于印度股票指数, Indian small and midcap stocks lagged the Sensex in 2025 due to high valuations, rupee drop, and foreign outflows, though fundamentals offer hope for recovery.

2025年，小盘股和中盘股表现逊于印度蓝筹Sensex，截至年底，小盘股指数下跌6.68%，中盘股仅上涨0.77%，而Sensex指数上涨了9.30%。 Smallcap and midcap stocks underperformed India’s blue-chip Sensex in 2025, with the smallcap index down 6.68% and midcap up just 0.77% by year-end, while the Sensex rose 9.30%. 分析家将先前收益后获利、估值提高、卢比贬值、美国-印度贸易紧张以及外国投资者持续外流作为关键因素加以列举。 Analysts cite profit-taking after prior gains, elevated valuations, rupee depreciation, U.S.-India trade tensions, and sustained foreign investor outflows as key factors. 尽管存在弱点,但由于收入增加、合理估值、国内生产总值稳步增长和国内流动性强劲等因素,人们仍然持谨慎乐观态度。 Despite the weakness, cautious optimism remains, driven by improving earnings, reasonable valuations, steady GDP growth, and strong domestic liquidity. 如果卢比稳定和基本因素优先于流动性,小型和中额业绩的复苏就有可能。 A recovery in small and midcap performance is seen as possible if the rupee stabilizes and fundamentals take precedence over liquidity.