The Nifty Midcap 100 Index is down 11.2 percent so far this year compared to a 3.9 percent decline in the benchmark Nifty 50 Index.
A handful of mid-cap stocks still remain analysts’ favourite. Not only do they have a 100 percent ‘buy’ rating, the stocks offer an upside of more than 20 percent from current prices, according to estimates of analysts tracked by Bloomberg.
Sterlite Technologies Ltd. has a potential to rise 45 percent, the highest among the stocks tracked by at least 10 analysts and having a market capitalisation between Rs 1,000 crore and Rs 25,000 crore.
Aditya Birla Fashion & Retail Ltd. and Strides Shasun Ltd. follow closely with an upside of 43 percent and 42 percent, respectively. Mahindra CIE Auto Ltd., KEI Industries Ltd. and Ashoka Buildcon Ltd. complete the list of top six.