In the short term, stock prices may be impacted by what the US Fed does or does not do. So, it is the US Fed impact which is playing out today on the street. But in the medium to long term, the trend in the stock prices and the absolute value of the stock price is impacted by fundamentals of the sector and the valuations. Given the fact that valuations are not cheap, but at the same time fundamentals are improving in a large number of industries. This brings a situation where analysts are bullish in specific sectors and stocks. Keep an eye on liquidity and the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. If the market breadth and nifty stays positive then it is very likely that we might see more strength in mid-caps. 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.
