From Adani Power to Bata India, best mid-caps after market correction


Post its outperformance in FY17 and for some part of FY18, the Nifty Midcap 100 index has lagged leading indices such as the Nifty 50 over the past year and a half. For the year-to-date, it has shed over 15 per cent, which is more than double that of the leading index.

After trading at a 14 per cent premium to the Nifty a year ago, the Nifty Midcap 100 is now trading at a steep 20 per cent discount to the index of 50 large companies. In fact, the combined market cap of the mid-cap index at Rs 14 trillion is now at a six-year low. Though the correction in Indian markets has been due to …


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