The mid-cap segment has given dramatic returns of late, but cautious optimism is the need of the hour
Over the past three years, the mid-cap segment of the equity markets has become the talking point for investors, given the dramatic run-up in the prices of these stocks. Since mid-2013, this segment has shown a sharp upturn, with the NSE Free Float Midcap 100 index rising over 100 percent, more than double the benchmark NSE Nifty 50. In a sense, the rise of the mid-caps reflects the unfolding story of Indian enterprise. In the recent past, new energy and drive, together with new ventures and ideas, have come to the fore. This important change is also being reflected in the equity markets by way of investor interest in the mid-caps space. The question, however, is: With valuations rising sharply, is the mid-cap boom sustainable? What is the outlook for this sector? With this in mind, Forbes India takes a close look at the mid-cap equities space, dissecting for you the pros and cons of this segment, with some top market experts also weighing in on what they feel is the road ahead.
(This story appears in the 28 October, 2016 issue of Forbes India. To visit our Archives, click here.)