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market | IST

Midcap, smallcap stocks likely hold rally till election results, says Equinomics

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Chokkalingam added that midcap and smallcap stocks may outperform the Nifty as a lot of largecap stocks in Nifty have a problem of growth and many sectors are growing in poor single digit.

Midcaps and smallcap stocks will continue to rally till the first or second week of May, said G Chokkalingam, founder and managing director of Equinomics Research & Advisory, in an interview to CNBC-TV18, adding that the market is expected to remain stable after general elections results are announced.
He added that midcap and smallcap stocks may outperform the Nifty as a lot of largecap stocks in Nifty have a problem of growth and many sectors are growing in poor single digit.
“We had a lot of disappointment with regional parties for last two decades, but this time they may act smartly. Even if they come to power, we may not have the kind of instability we saw in the past. Therefore, I do not expect any major crisis in the market whatever is the result outcome,” said Chokkalingam.
Stock specific, Chokkalingam recommended buying Mphasis, NESCO, and Hindustan Zinc.
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