Top 9 MId & Small Caps To Invest By TradeIndia Research.

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Global brokerages bet on these 9 mid & small caps that could return 17-70%

In terms of returns, the BSE Midcap and Small cap indices saw a cut of 11 percent and over 14 percent so far in 2018, compared to an over 1 percent return in the Sensex.

Mid and smallcap stocks that provided handsome returns in 2017 lost some sheen in 2018 as investors lost over Rs 6 lakh crore. Aggregate market

capitalisation of the BSE Smallcap and Midcap indices slipped Rs 4.6 lakh crore and Rs 1.7 lakh crore, respectively.

In terms of returns, the BSE Midcap and Smallcap indices saw a cut of 11 percent and over 14 percent so far in 2018, compared to an over 1 percent return in the Sensex.

Stocks in the midcap space that lost the most in 2018 include: Reliance Communications, Adani Power, Bank of India, Union Bank of India, Ajanta Pharma and Bharat Electronics. The same in the smallcap space include: Vakrangee, Gitanjali Gems, SRS, Electrosteel Steels, Orient Paper & Industries.

A number of factors - resignation of auditors, Securities and Exchange Board of India reclassification of mutual fund schemes and BSE’s surveillance mechanism on over 100 stocks - are weighing on BSE Mid and Smallcap stocks. Apart from that, high valuations, relentless selling by foreign institutional investors and failure of earnings to catch up are some of the key factors that led to a sharp correction in the mid and smallcap space.

He cited mismatch between valuations and fundamentals as prime reason for the sell-off as ‘earnings were not able to justify the valuation level’. “It was also partially aided by SEBI’s reclassification of mutual fund schemes which played a role in price correction through a churning.

Correction in broader market further led to a margin call on scrips, thus denting overall market sentiment, which translated into further selling.

Going forward, investors will be better off investing in companies from the small & midcap space that are displaying earnings visibility and growth momentum.

1.NCC

2.ESCORTS

3.PRESTIGE ESTATR

4.DISH TV

5.TORRENT PHARMA

6.THERMAX

7.APOLLO HOSPITALS

8.HEG AND GRAPHITE INDIA

9.JSPL

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