These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 30%, according to analysts

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Synopsis

In the last few trading sessions, what has indicated an underlying bullish bias despite the volatility? First is the largely positive market breadth. And second is the behaviour of the mid-cap indices. On most days, the mid-cap indices have traded in positive territory, even when the broader market indices were under pressure. But we are still not in a runaway rally, and the economy, though in recovery mode, is doing so gradually. So, it is better to be selective when it comes to mid-caps.

At this point of time, can we say valuations are fairly priced in the mid-cap segment? The answer is no. Does it mean that you should avoid the segment altogether? The answer is again no.Over the next few quarters, stock price trends and the absolute value of stock prices will be impacted by the fundamentals of the sector as well as valuations. The fundamentals are currently improving for some industries. Another thing that investors need to

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