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@article{197922,
        author = {Abhishek Mishra and Anamika Chouhan and Mahi Toshiniwal and Manthan Thakrar and Vivek Nikum},
        title = {Large-cap vs Mid-cap vs Small-cap Stocks: Risk–Return Comparison in the IT Sector},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {11},
        pages = {8343-8353},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=197922},
        abstract = {The Information Technology (IT) sector offers diverse investment opportunities across large-cap, mid-cap, and small-cap stocks, each exhibiting distinct risk–return characteristics. This study aims to compare the risk–return performance of IT sector stocks across these market-capitalisation categories to assist investors in making informed portfolio decisions. The analysis is based on secondary data collected from NSE, BSE, Moneycontrol, and company annual reports over five years, employing risk-adjusted performance measures including the Sharpe Ratio, Treynor Ratio, and CAPM-based expected return. The findings reveal that large-cap IT stocks provide stable returns with lower risk, mid-cap stocks offer a balanced risk–return profile, and small-cap stocks generate higher return potential with greater volatility. The study concludes that investors should align portfolio allocation with their risk tolerance and investment horizon, as higher risk is positively associated with higher return potential across IT market-capitalisation segments.},
        keywords = {Large-cap, Mid-cap, Small-cap, IT Sector, Risk-Return Analysis, CAPM},
        month = {April},
        }