These 15 mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 33%, according to analysts
- Posted on November 20, 2024
- By Business News Today
- 1 Views
These 15 mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 33%, according to analysts
In the short term, stock prices are impacted by events and the narratives built around them. For the next session or two, they could be impacted by the Maharashtra election exit polls and news flow from the Ukraine-Russia front. In the medium- to long-term, however, stock prices and the absolute value of stocks depend on the fundamentals of the sector – as well as valuations, which are still high despite the latest correction. But, at the same time, fundamentals are improving for several industries. So, analysts are bullish about specific sectors and stocks. If the Nifty and market breadth stay positive in the coming trading sessions, it is likely we will see mid-caps gaining strength. It would also probably signal the end of this phase of correction, which began in October.