Even as frontline shares have paused for a breather, investors continue to load up on second line shares, betting on them to be relatively undervalued. Brokerage house Credit Suisse has listed a set of midcap stocks that are leaders in relatively small, but growth sectors. The overall sector growth, rising market share due to their relatively dominant position, margin benefits due to increasing scale and expansion of valuation multiples are seen as the drivers for stock re-rating.

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