Notwithstanding the lack of momentum among the midcaps, analysts are of the opinion that there are value picks which are trading at a Price Earning multiple of 8-9, making them very very attractive vis-a-vis largecaps, most of which are trading at a PE multiple of 18-20.
Tech Mahindra, India Cements, Corp Bank, Canara Bank, are some of the stocks in the midcap space that have the potential to go up, say experts.
Sumit Rohra, Antique Stock Broking, who expects the midcap space to appreciate by 25-30% by December-Jan, is bullish on themes like hotels, real estate and IT. And the stocks in these sectors are Hotel Leela, Bombay Dyeing and Tech Mahindra on decline.
Gaurang Shah, Geojit Financial Services, who expects the sector to trade rangebound by December and advices caution likes stocks like Tech Mahindra, Escort,India Cements, TVS Motor, Corporation Bank, Canara Bank, Mphasis BFL.
URBANEYE