Thus far in calendar year 2023 (CY23) the Nifty Midcap 100 index has surged 29 per cent, as compared to 11 per cent gain in the Nifty 50
These 5 mid-cap stocks may rise up to 20 per cent, as technical charts reveal positive breakouts
Nifty Midcap 100, Nifty Smallcap 100 struggle even as markets make new highs
With the recent rally, the Nifty Midcap 100 now trades at an 18-per cent premium to large-caps at 23.2x
Small-cap index still down 17% YTD, even as Nifty50, mid-cap indices back in green.
HDFC Bank slipped over 1 per cent to Rs 882 after global brokerage house Bernstein downgraded the stock to 'unerperform' and sharply slashed the target price to Rs 750 from Rs 1,400 earlier
Thus far in the month of July, the midcap index has tanked 11 per cent, against 6 per cent fall in the benchmark index
Hindustan Zinc, Shree Cement, Reliance Infra, Crisil, Jubilant Life Sciences and Pidilite Ind were up more than 6% each.