The list of 8 stocks includes:
Metro Brands, BlueDart Express, , ZF Commercial, and .
Piramal Pharma, a spun-off entity, has also entered the mid-cap world. On the other hand, stocks downgraded from large-cap to mid-cap
, , , When .
AMFI’s equity classifications are primarily referenced by active equity mutual fund managers. As stocks move from lower to higher categories (small to mid cap, mid cap to large cap, etc.), their visibility increases. Fund managers typically analyze such shares further and add them according to their rationale while complying with the scheme’s obligations.
Mid-cap stocks have outperformed the Headline Index over the past six months, with the Nifty Midcap up 18% over the period, with Nifty returning 14%.
Analysts said investors could consider adding selected small- and mid-cap stocks in January in a space that would benefit from budgets.
“Looking ahead, cyclical stock trends are likely to remain positive as the Indian economy continues to perform well. Selected commercial banks net NPA fell to 1.3%, the lowest level in 10 years. The banking sector is likely to maintain good performance in the medium to long term as it has declined,” said the current weekly chart set-up for the economy-centric sector, which shows the potential for a decent pre-budget upside. he added.
Axis Securities said mid and small cap indices could outperform. “Additionally, the banking and domestic business cycle themes look attractive at current levels. If the macroeconomic environment continues to support the market, the recovery is likely to continue on the export-oriented theme,” he said.
(Disclaimer: Expert recommendations, suggestions, views and opinions are those of the experts themselves. They do not represent the views of The Economic Times)