The latest rebound in mid-cap stocks could sustain as valuations are compelling, and a revival in on the cards, Elara Capital said in a note.
According to the brokerage, the valuation gap between large-caps and mid-caps had recently dropped to historically low levels, making the latter attractive bets. “We believe the valuations are compelling at these levels for a revival in the performance of mid-cap stocks, particularly the quality mid-caps, which have taken a substantial beating,” said Ravi Muthukrishnan, head of research, Elara Capital in the note to ...
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