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Axis Capital believes these 11 midcap stocks could give double returns by FY24

Updated : 2019-11-22 09:56:04

Midcap stocks have outperformed largecaps significantly between March 2015 and August 2018, with an 80 percent return for the NSE Midcap, said Axis Capital, adding that this has resulted in the price outpacing earnings. “However, over the last 12 months, the huge gap between price and earnings is getting reversed with price now more in line with earnings expectations,” said the brokerage in a report dated November 6. Midcap valuations are now supportive as they have corrected sharply and are closer to pre-FY14 levels, according to Axis Capital. The brokerage has selected 11 stocks that have potential to double by FY24. (Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.)

Ashok Leyland
Ashok Leyland
Eris Lifesciences
Eris Lifesciences
IPCA Laboratories
IPCA Laboratories
Mahindra Logistics
Mahindra Logistics
SIS
SIS
Spandana Sphoorty Financial
Spandana Sphoorty Financial
Sudarshan Chemicals
Sudarshan Chemicals
Thermax
Thermax
Torrent Power
Torrent Power
Tube Investments
Tube Investments
Varun Beverages
Varun Beverages
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