“From trading at around 15-16 forward PE, the largecaps have moved to 25-30. But I would not be surprised if that re-rating keeps happening because the companies are giving that kind of performance with reasonable certainty.”
“If one got into it sometime back and is now sitting at say 40% return in his metal stocks, one can probably take off 25% of the exposure off the table and bring down his exposure by another 10% on another 10% price rise and repeat that as prices rise, ” says Kunj Bansal.
Data compiled from corporate database AceEquity suggests one-third of 98 BSE Midcap constituents need to rally at least 50 per cent to reclaim their record high levels.
Midcap index @ record high, but 19 stocks have up to 1,300% catchup to do
SECTIONS
Share
Synopsis
Data compiled from corporate database AceEquity suggests one-third of 98 BSE Midcap constituents need to rally at least 50 per cent to reclaim their record high levels.
iStock
Related
NSE
Explore Now
NEW DELHI: The BSE Midcap Index might be hovering at record high levels, nearly half of the index stocks are at least 25 per cent away from their record levels. Analysts advised investors to remain selective and invest only in quality names that have the backing of institutions and have no balance sheet issues.
Data compiled from corporate database AceEquity suggests one-third of 98 BSE Midcap constituents need to rally at least 50 per cent to reclaim their record high levels; while one-fifth need to more than double to achieve their all-time peak levels. In some extreme cases, some stocks even require a 5-14 times rally from current levels!