Midcap Picks News Today

HSBCs top midcap picks in Mumbai expected to deliver 9%-55% returns this year. Firm sees midcap opportunities in the sell-off, unlikely deep correction in small and midcaps due to a strong domestic economy and market conditions.

With the strong catch-up of mid and smallcaps in last couple of months, brokerage house Axis Securities believes the broader market may see some time correction in the near term but the long-term story of the market continues to remain attractive. It lists top mid and small-cap picks for February.

The brokerage has increased its weight and remains ‘overweight’ on Banks, Cap Goods and Healthcare, and diversified financials (led by HDFC AMC). It is ‘equal weight’ on IT and ‘underweight’ on Auto, Metals, Cement, Consumer and Oil & Gas.

Resistance is positioned at 19,850 on the higher end; a breakthrough could potentially propel the Nifty towards the 20,200 mark.

JSW Energy has seen a consolidation breakout and formed long bullish candlestick pattern on the daily scale with strong volumes. The stock traded well above all key moving averages (20, 50, 100 and 200-day EMA), which is a positive sign.

Indian market has taken all headwinds in its stride and the action has been very stock-specific as Mid/small caps continue to outperform large caps, Prabhudas Lilladher stated. It lists its top large, mid and smallcap picks for model portfolio.

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Anil Rego of Right Horizons sees relative undervaluation in small-caps and select demand pockets that continue to be healthy as the multi-decadal growth outlook structure remains intact.

Pankaj Murarka of Renaissance Investment Managers says midcap capital goods companies like Schaeffler, Grindwell, which are seeing capex, can be bought into.