Economy Most midcaps will go beyond their earlier peaks by next year, says Porinju Veliyath Updated : July 20, 2018 11:45 AM IST The midcaps will outperform HDFCs, Bajaj Finance, HUL and TCS by significant margin, he said. Veliyath, managing director, Equity Intelligence India said that structural change in Indian economy was leading to pain in the market. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.