These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
Synopsis
The Nifty and Sensex are correcting. A closer look, however, reveals that the correction is not as strong as it could have been. It has to be seen in the context that, at this time of the year, markets anyway tend to be more volatile. But the correction is not leading to strong across-the-board weakness. Even on days when market breadth is negative, the ratio is still better. At this point, there is a high probability that, given there are no global hiccups, this phase of correction will pass without major damage to mid-caps stocks as a segment.ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
Volatility is back on the street. Given that, in another couple of sessions, even volumes might come down, we could see a strong impact on stock prices. So, before reaching any decision, especially in the mid-cap space, remember that in terms of the macro picture, volatility anyway tends to be high at this time of the year. And when stocks move up and down without volumes, one has to take it with a pinch of salt. The question investors should
ETMarkets.com
21 mins read
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