The S&P BSE Midcap index has risen a little over 5 per cent as compared to a 3.8 per cent rally seen in the BSE Sensex so far in the month of April. According to experts, mid and small cap shares have outperformed large cap peers on hopes that these companies may spring earning surprises over the next couple of quarters. The BSE Mid Cap Index has rallied 7.5% in the past two weeks, while the BSE Small Cap Index has surged nearly 15%. The Sensex has gained 5.75% in the same period.
The CMX Midcap, CNX Smallcap and Nifty Junior hit all-time high on Monday on the back of sustained buying activity. This is a classical bull-run effect. The Nifty Midcap 50 has given a breakout. That is where possibly action would be and as long as the Nifty starts breaking below levels of around 8720-8730. The midcap stocks have been on a tear in India. They have outperformed the large caps by 20% over the past year and the P/E multiple is at a 25% premium, the highest in at least ten years.
The BSE Mid Cap Index is currently at 30.28 times, while the Sensex is trading at 19.95 times its reported earnings. The BSE Small Cap Index closed at 11,942 on Monday, which is about 20% below its all-time high of 14,239 made in January 2008. Some of the midcap and small cap indices have actually bounced back in a very big way after falling to multi-year low in 2013. "If we look at the calendar year 2013, we had a huge depression in the midcap and small cap stocks. That is somewhat now easing. FY15 has been a story of the midcap and small cap stocks and that is where the confidence has come back from a lot of equity investors.
We have collated a list of top 10 midcap companies which investors should look at buying on dips as they declare results for the quarter ended March 31 in April.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com/
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
0 comments:
Post a Comment