These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts

Can we at this point say that valuations are fairly priced in the mid-cap segment? The answer is no. Does it mean that you should avoid the segment altogether? The answer is again no. Over the next few quarters, stock price trends and the absolute value of stock prices will be impacted by the fundamentals of the sector as well as valuations. The fundamentals are currently improving for some industries thanks to the GST rate rationalisation. And in others, the cyclical slowdown is getting over.