Will there be revival of Mid-Cap Stocks?
The recent fall in the Indian stock market, mirroring global trends led by a downturn in the US markets, has raised concerns about the mid-cap segment. Factors such as persistently high inflation, tighter monetary policies, and slower economic growth are impacting investors’ sentiments. The US Federal Reserve’s hawkish stance to combat inflation is creating ripple effects globally, leading to capital outflows from emerging markets like India. Mid-cap stocks, often more volatile than their large-cap counterparts, have faced sharper corrections due to fears of slowing corporate earnings. However, India’s structural economic growth, underpinned by robust domestic consumption and government initiatives like PLI schemes and infrastructure spending, could offer a supportive backdrop for a revival in mid-cap stocks. Sectors like renewable energy, pharmaceuticals, technology, and capital goods may benefit as the economy stabilizes.
These Mid-Cap stocks, backed by strong fundamentals and growth prospects, are worth watching for long-term investors.
- AU Small Finance Bank (Banking)
- L&T Technology Services (IT Services)
- Varun Beverages (Food and Beverages)
- Tata Elxsi (Software and IT Services)
- Balkrishna Industries (Automotive)
- Page Industries (Garments and Retail)
- Persistent Systems (IT Services)
- Polycab India (Electrical Goods)
- Max Healthcare (Healthcare Services)
- Astral Limited (Pipes and Adhesives)
- Indian Hotels (Hospitality)
- Voltas (Consumer Durables)
- Ashok Leyland (Automobile)
- PI Industries (Agrochemicals)
- Trent Ltd. (Retail)
- Kajaria Ceramics (Building Materials)
Disclaimer: It is an academic article and in no way a recommendation to buy any specific stock. It’s crucial to conduct thorough research and consider individual financial goals before making investment decisions.
