These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts


Synopsis

The correction which started with a large cap segment and that too in the private banking space, was felt in the mid-cap space. It is not the first time that a similar sort of correlated correction has taken place, in the last few months this trend has been visible. In such times it would be better to select stocks where analysts are bullish and have seen some improvement in their score due to one or the other reason. 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.

The way mid-cap stocks have performed in the last few days, the biggest question would be whether this is another short term correction or a beginning of a long phase of underperformance.The answer would be in the market breadth of the midcap segment and also the fact how much damage the leaders of this phase of rally suffer which essentially are PSU stocks. These two would be a key indicator to watch. Also in an indirect manner it would be

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