Hazra, Avirup; Kayal, Parthajit; Maiti, Moinak - In: IIMB Management Review 36 (2024) 2, pp. 126-136
The present study examines the Indian small-cap cycle between April 2011 and March 2022. The ordinary least squares (OLS) estimate shows that investors can benefit from investing in the Nifty Small-Cap 100 index by following a proper exponential moving average strategy. The study findings also...