Time to pick only quality midcap, frontline stocks: Experts

Experts believe that although it is tough to predict the exact timeline for market recovery, the current mayhem provides good opportunity to pick up certain quality stocks in both the midcap and frontline categories.

According to market expert, Sudip Bandopadhyay, it is tough to confidently put a time line for stabilisation of market, looking at the kind of decline we are witnessing this week, including in global markets. It would be better to be cautious and focus only on stock specific activity, he adds.

A similar advice is echoed by Prakash Diwan of prakashdiwan.in. Diwan advises that this time is most suitable for staying on the sidelines and not reacting.

SP Tulsian of sptulsian.com also suggests that in this kind of market it is best to pick up stocks of those companies which have a reasonably good performance without bias towards midcaps only.