For most investors, 2025 will be remembered as the year bullion outshone equities. Gold surged nearly 82% on the Multi Commodity Exchange of India (MCX), while silver stunned markets with a massive 175% rally, emerging as the standout asset class of the year.
In comparison, Indian equity benchmarks delivered modest returns. The Nifty 50 gained about 10%, while the BSE Sensex rose nearly 9%, offering stability but little excitement amid global uncertainty.
Midcaps and Smallcaps Lag as Investors Seek Safety
As the year progressed, mid-cap and small-cap stocks underperformed large caps, reinforcing a risk-off approach among investors. In periods of uncertainty, capital typically gravitates towards perceived safe havens—both within equities and across asset classes.
Bullion benefitted from this shift, while broader equity participation narrowed. However, even as midcaps and smallcaps struggled, a few microcap stocks quietly displayed improving technical strength, largely away from mainstream attention.
Technical Signals Highlight Select Microcaps
Despite weak sentiment across smaller stocks, certain names within the Nifty Microcap universe began showing strength across longer timeframes. Using multi-timeframe technical filters—such as momentum indicators and trend confirmation—three stocks stood out for their structural resilience during 2025.
Strides Pharma Science Ltd (STAR)
On long-term charts, Strides Pharma Science marked a significant development by breaking out of a 14-year consolidation range on the monthly timeframe. Extended consolidations of this nature often signal structural shifts in price behaviour once resolved.
The breakout has drawn attention due to its duration rather than any near-term triggers, placing the stock among notable long-term technical developments within the microcap space.
Cemindia Projects Ltd (CEMPRO)
Cemindia Projects recorded a sustained breakout beginning in late 2023 and maintained relative strength through 2025. Unlike sharp, short-lived rallies, the stock showed steady price action, suggesting continued investor holding rather than rapid churn.
From a technical perspective, the stock has demonstrated consistency through market volatility, standing out during a year when many smaller stocks failed to hold gains.
Sandur Manganese and Iron Ores Ltd (SANDUMA)
Sandur Manganese and Iron Ores came into sharper focus after its NSE listing in 2023, following an initial sharp rally. Instead of reversing sharply, the stock entered a prolonged consolidation phase lasting over a year.
Such sideways movement following an advance is often described as re-accumulation in technical analysis, indicating a pause rather than exhaustion of trend. A breakout from this range towards the end of 2025 has renewed interest in the stock’s price structure.
A Broader Market Takeaway from 2025
While gold and silver dominated headlines, equity markets continued to evolve beneath the surface. The divergence between headline indices and select microcaps highlighted that opportunities can still emerge even during risk-averse phases.
Markets in 2025 reinforced a recurring lesson:
not all trends are loud, and not all strength is immediately visible.
Disclaimer
This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Technical observations are based on historical price data and market behaviour. Readers should conduct independent research and consult qualified professionals before making financial decisions.
