largecaps: These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts

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Synopsis

After a phase where they once again relatively out performed, mid cap stocks are witnessing a sort of profit booking. A rotational move in terms of one set of stocks from a sector witnessing correction, while the other moves up based on what kind of numbers are getting released for the Q4. During this phase, analysts are bullish on select stocks from different sectors, a number of the stocks on which analysts are bullish are essentially leaders of their sector.ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

More than the absolute level of the mid-cap index, it is market breadth which is more important at this point of time. The way mid-cap stocks have performed in the last one week the biggest question would be whether this is another short term correction or a beginning of a long phase of underperformance and the answer would be clear after the election results. Also look at the sectors which are leading the correction, if the correction is being

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