Smallcap slump year throws up 15 multibaggers. Cupid tops chart with 440% rally

Despite a weak year for smallcaps, 15 stocks delivered multibagger returns in 2025. Cupid led the pack with a 440% surge, far outperforming peers such as Indo Thai Securities and Kothari Industrial Corporation. The gains stood out even as the BSE Smallcap index lagged midcaps and largecaps.