After 6 months of relentless rally, mid-cap stocks witnessed some correction in the last three to four weeks. Will this correction last longer would depend on a couple of things. First earnings in this space and second foreign institutional investor ( FII) flows over the next two months and third is state elections results. At this point of time analysts are bullish on select midcap stocks, ones which have seen their score improving. Stocks from sugar, infrastructure and engineering are on the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Shares of auto companies including Maruti Suzuki, Tata Motors, Ashok Leyland, TVS Motor among others will be in focus following the announcement of monthly sales numbers.
HDFC Securities is bullish on PNC Infratech has recommended buy rating on the stock with a target price of Rs 452 in its research report dated October 03, 2023.
Stocks to watch: For Wednesday, share market analysts at different brokerages have assigned Buy calls on Granules India Ltd, Jubilant FoodWorks, JSW Energy and PNC Infratech. Check share price targets, investment rationale, technical analysis and more crucial details.