Warhel :: Top 10 midcap stocks that are multibaggers in the making

Top 10 midcap stocks that are multibaggers in the making

Updated on: 10-Aug-2015
At a time when largecap stocks are stuck in a range, many midcap counters have actually doubled investors wealth since January this year. With Indian economy set to bounce back in the near term, midcap companies are likely to benefit more from the revival.Midcap stocks are likely to enter a fast-growth lane as the economy gathers pace, fuelled by improving macroeconomic indicators such as low inflation, current account deficit, and as the government leads investment cycle revival. If experts.

Top 10 midcap stocks that are multibaggers in the making

Midcap stocks are expected to continue to do well going ahead as the confidence of the market participants has increased in the growth story of the Indian economy. Now with everything better placed comparatively, it is expected that Indias economy is likely to swell to $5 trillion from $2 trillion in a span of a decade, says D K Aggarwal, CMD, SMC Investments and Advisors Ltd.

Actually, the pure amalgamation of government focus on revival of the economy, Indian demographic set-up, and India emerging as the best investment destination is sure to support the economic growth of the country, he adds.The government is pushing hard all reforms and measures to shore up growth in Asias third largest economy. The government strong initiatives such as smart city, Make in India, and Digital India campaign are all directed towards fuelling growth.The initiatives taken.

At present, we have witnessed the Indian economy improve over the previous few years - in fact from 2013 onwards, we have seen the GDP data improve. Consequently, we have already seen CNX Midcap Index deliver almost 61% returns compared to 33% of Nifty, he added.Nigam is of the view that if the economy continues to do well and we choose our midcap stock well, on parameters stated above, we stand a chance of generating significant returns by buying a future large cap.

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