After two quarters of losses, around 20 smallcaps turned profitable in Q1 FY26, but post-results performance has been mixed. Between July and early October, only half of these profit turnarounds have rewarded investors with positive returns, while the rest slipped back into negative territory. Five stocks surged 10–57% over three months, while five laggards fell sharply, highlighting ongoing volatility in the smallcap segment. (Source: ACE Equity)