INSUBCONTINENT EXCLUSIVE:
is focusing on one corner of the $2.2 trillion market that has been spared the euphoria: mid-cap shares.
Mid-sized companies whose earnings
are tied to the local economy offer better protection against the headwinds from a trade war and the turmoil in Turkey
in July, gains have been lopsided as investors sought protection in the biggest stocks
Some small and mid-cap stocks that have been recently sold off now offer value to investors seeking to benefit from domestic spending, he
said.
There are signs investors are warming up to such companies again, as a revival in economic growth and company profits help build
investor conviction in the growth cycle
A gauge of 99 mid-sized companies closed at a three-month high on Monday, though it remains 10 percent below its Jan
Earnings at about 60 percent of NSE Nifty 50 Index firms either met or exceeded average analyst estimates for end-June quarterly
