The Economic Times
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| 30 August, 2024, 03:44 AM IST | Today's ePaper
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    These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 26%, according to analysts

    As the Nifty touches a new high, the market breadth is also getting better, though Q1 has made the Street get into stocks specific mode. But clearly the underlying mood of the market is bullish and at this point of time there is no reason to believe that the long term trend will change. This essentially means the “risk on trade”, which took a pause for a while, is back on the Street. Keep an eye on liquidity and the market breadth in the next few weeks as that will determine what happens to mid-cap stocks in the medium term. 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.

    13 stocks which may benefit from recovery in rural consumption: From a tactical investment perspective

    Post election, there are some sets of companies which have been outperforming the market, this is worth noting for two reasons, first they have been underperforming even in the pre election bull market, so why this sudden out performance and second, they common thread is that their top and bottom line has relationship with what is happening in the rural India. The commentary from some of the companies post their Q1 result has been positive as they see some green shoots in rural consumption. We take a look at the companies which might gain as the rural recovery picks pace.

    These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts

    If volatility in global markets remains, we might see a narrative against mid-cap stocks. But if one looks from another fundamental point view, if the low rate regime comes sooner than it is beneficial for mid-caps. The bottomline of the mid-cap companies have a strong correlation with interest rates and there is a higher probability that interest rates will move in a southward direction, sooner these companies will benefit. In the last few weeks, more sectors which were lying low for some time after election results are returning to action. 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.

    Time to shed bias ? 6 chemical stocks with “buy” and “hold” recos and upside potential of up to 40%

    While it might not have made it to the headline, some management in their concalls after their Q1 results have given first indication that the pricing pressure from China has eased a bit. This is after a very bad year of FY24, where a number of them saw a degrowth. In the last five years many segments of the chemical and specialty chemical sector had been coming into focus. They stay in the limelight for some time, then as too much money chases them which makes their valuations move up sharply and then a long phase of consolidation. It is this long phase of consolidation that brings confusion because the portfolio under performs. But the structural changes which some of the companies are going through make them worth keeping them on watchlist.

    These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 22%, according to analysts

    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.

    Don't be afraid to be bullish, if ready to do a bit of work: 5 midcap stocks from different sectors with upside potential of up to 37%

    Just do a small test. What would have been your reaction if nifty would have touched the 25,000 mark? Would you have felt more bullish or would have felt that because the nifty has moved so high, how far it can go and postpone your buying decision. The problem with looking at an index and feeling bullish or bearish is the fact that the index is a collection, so if you felt scared then probably when nifty touched 20,000 the same feeling might have gripped you and missed an opportunity. If you felt over bullish and invested in an FMCG stock probably your returns are suboptimal in the journey of Nifty from 20,000 to 25,000. The reason to be bullish has to be growth of the economy and the reason for selecting a stock has to be good business, management and growth of the company. Don't be afraid to be bullish but do a bit of simple work and enjoy the growth of the Indian economy.

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