Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,910.1553.35
Stock Analysis, IPO, Mutual Funds, Bonds & More

Midcaps with potential to double in 5 years

On PE metric, midcaps' discount to large caps is now at a 7-year high. On priceto-book, midcaps discount to large caps is now at its 10-year mean.

ET Bureau|
Updated: Nov 07, 2019, 08.12 AM IST
0Comments
Getty Images
stock market1-getty
On PE metric, midcaps' discount to large caps is now at a 7-year high.
After outperforming large caps significantly between March ’15 and August ’18, midcaps have corrected sharply in the last one year. Midcap valuations are now closer to pre-FY14 levels. On PE metric, midcaps' discount to large caps is now at a 7-year high. On priceto-book, midcaps discount to large caps is now at its 10-year mean. Axis Capital has selected 11 midcaps which have the potential to double in 5 years. These stocks were selected based on their size, quality and how their businesses are likely to grow under normalised conditions when growth is likely to pick up in FY20-24.
midcap-graph


Also Read

Principal Midcap Fund: NFO Review

Time to look at midcap funds again?

Pankaj Murarka on when to start nibbling into midcaps and smallcaps

View: Time to pick high quality midcaps and smallcaps

Midcaps likely to rise further on P/E comfort

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service