Taking risk but some checks: 5 midcap stocks from different sectors with potential upside of up to 37%
As bulls once again take charge of the market both at the index land and breadth level mid-cap are likely to get a push. While there is nothing wrong in being bullish given the fact that policy continuity is the next theme on the street. However, keep some check and balance while participating in this phase of the rally. The reason is the fact that valuations are not cheap and any small profit booking correction may lead to sharp correction in individual stock prices. Yes, in some cases, Q4 numbers have helped in moderation as far as valuations are concerned, but it would be better to stay with select stocks and with sectors where there are some tailwinds. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.