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

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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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