While the market might have witnessed a sharp cut, if one takes a closer look, there are signs that midcap stocks have been sort of a relative outperformer. They fell pretty much in line with the broader market indices, but they were able to recover in a much faster way. The number of mid cap stocks were able to keep their head above water and the market breadth has been positive. While one cannot rule out more volatility, over the next few weeks, if there is no major trouble coming in from global markets, then we might see these midcap stocks getting pushed even higher. So be bullish, just be more selective as valuation and global headwinds are always a concern. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
