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Buy Crompton Greaves Consumer Electricals; Target Of Rs 447: Prabhudas Lilladher

Buy Crompton Greaves Consumer Electricals; Target Of Rs 447: Prabhudas Lilladher
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Crompton Greaves Consumer Electrical Ltd Slides 1 24%

midcap stocks: Midcap index at new peak But 2 of every 3 are way below their all-time highs

Explore Now NEW DELHI: The BSE Midcap index might be trading at a record high, but two-third of index stocks still need to rise at least 20 per cent and up to 1,242 per cent to regain their previous peaks. As of Friday, out of 97 Midcap index stocks, 60 needed at least 20 per cent rise to revisit their highs: 40 among them needed over 50 per cent jump and seven needed at least 500 per cent surge, data compiled from corporate database Ace Equity suggests. Analysts said the rally in the midcap space has been polarised. Only select midcaps have participated in the rally; and they too were the ones that usually have high market capitalisation and valuations, they said.

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