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Elara Capital on midcaps: Why and what to buy

Ravi Sundar Muthukrishnan, head of institutional equity research at Elara Capital, has written a note titled, Midcaps: Why and what to buy. In an interview with CNBC-TV18, Muthukrishnan shared his views on midcap stocks.

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By Ekta Batra   | Prashant Nair  March 26, 2019, 1:19:08 PM IST (Published)

Elara Capital on midcaps: Why and what to buy
Ravi Sundar Muthukrishnan, head of institutional equity research at Elara Capital, has written a note titled, Midcaps: Why and what to buy.


In an interview with CNBC-TV18, Muthukrishnan shared his views on midcap stocks.

"We believe there is no further downside in midcaps", said Muthukrishnan on Tuesday.

Talking about mid-cap stocks, he said, “We like the replacement market space and that’s the reason why we put Amara Raja Batteries. We like the discretionary space so we have put Crompton Greaves Consumer Electrical and among city gas, we like Gujarat Gas because new long-term gas supply is going to come in the offing.”

“We also have a lot of other midcap stocks but they do not fulfil the valuation criteria so we did not include them in this,” he added.
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