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Small-caps get their mojo back after a prolonged lull

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MUMBAI : After a prolonged lull, smaller companies are finding favour with domestic investors to bring respite to many embattled promoters.

While small-caps, comprising companies with market capitalization of ₹5,000 crore or less, are typically seen as riskier bets, compared to mid- and large-cap firms, and prone to extreme price volatility, especially in times of economic uncertainty, they made a comeback in June.The BSE SmallCap index rallied almost 10% during the month, compared to the gains of 6.89% of the BSE Midcap index and Sensex’s 5.62% increase.Industry watchers said the rise in the small-cap index will offer an opportunity to promoters with high percentage of pledges to potentially gain some reprieve from lenders once the loan.

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Not magic? Disney sues Florida county over property taxes
ORLANDO, Fla. – One thing that is not magic to Walt Disney World is the property taxes it must pay to a Florida county.Disney is once again suing the Orange County property appraiser over 2019 tax assessments for its theme parks, resorts, employee buildings and other structures. The company has filed similar lawsuits in past years.The Orlando Sentinel reports that Property Appraiser Rick Singh says the Disney complex has been undervalued for years.
state Florida county Orange pandemic Coronavirus
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