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A handful of tiny caps have trounced the market over the last half-year. Cupid led with a ~238.7% return, while IFB Agro (~181.7%), Fredun Pharma (~181.0%), Nidhi Granites (~149.4%) and Indo Thai Securities (~146.8%) followed. The surge rides strong momentum and improving financial grades, though several names screen expensive on valuation—a reminder to balance frothy prices against fundamentals.
