These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 26%, according to analysts

In the last three weeks, the correction in the market has been led by mid-cap stocks. There is one common thread which runs through the stocks which have corrected the most: Very high valuations. A number of them were, ironically, outperformers in the first phase of correction in October-November 2024. A last bull becoming a bear kind of phenomenon. Looking ahead, in the short term, market sentiment would be governed by what the budget offers. But, as always, in the long term, it is earnings and valuations which matter to the street. As a relief rally takes place, it would be better for investors to use the upmove to rejig their portfolios. Take into consideration how companies performed in Q3. And what kind of commentary came with it.