Synopsis
Once again mid cap stocks have been outperforming in the last few days. Even when Nifty and Sensex corrected, the mid cap stocks have been able to keep their head above water and the market breadth has been positive. This is happening as the “risk on trade” has once again started. While one cannot rule out more volatility, over the next few weeks, if there is a sustained resumption of positive FII flows, then we might see these mid cap stocks getting pushed even higher. So be bullish, just be more selective. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or “strong buy”. This predefined screener is only available to ET Prime users.
With every passing day, a number of sectors which were lying low for some time after election results are returning to action. While some profit booking corrections in the mid cap segment cannot be ruled out at periodic intervals, which in fact are good for market health and keep in check the probability of bubble formation, there is a higher probability that mid caps will do well on an overall basis in the medium term. One of the reasons is
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