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Top midcap stocks recommended by HDFC Securities for short trade opportunities

Updated : 2019-06-17 14:49:57

The NSE midcap sector signals a near-term top reversal pattern, and after witnessing high volatility in the last week, the sector has declined in this week, said HDFC Securities in its report. “The near-term trend of the NSE midcap sector is down and more weakness could be in store for coming weeks. Next downside levels to be watched at 4,675 in the next 2-3 weeks,” the report noted. Here are midcap stocks recommended by HDFC Securities for short trade opportunities:  (Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions)

1. Apollo Tyres: This midcap automobile stock has declined 17 percent this year and nearly 27 percent in last one year. (Company Image)
1. Apollo Tyres: This midcap automobile stock has declined 17 percent this year and nearly 27 percent in last one year. (Company Image)
2. Balkrishna Industries: This midcap tyre stock has slipped about 18 percent this year and over 31 percent in last one year. (Company Image)
2. Balkrishna Industries: This midcap tyre stock has slipped about 18 percent this year and over 31 percent in last one year. (Company Image)
3. Bharat Financial Inclusion: The NBFC midcap in last one year has plunged 25 percent and this year, it has declined by 12 percent.(Company Image)
3. Bharat Financial Inclusion: The NBFC midcap in last one year has plunged 25 percent and this year, it has declined by 12 percent.(Company Image)
4. Castrol: The leading lubricating oil manufacturer in the last one year has declined 17 percent, while this year,  it has slipped over 6 percent.
4. Castrol: The leading lubricating oil manufacturer in the last one year has declined 17 percent, while this year,  it has slipped over 6 percent.
5. Divis Laboratories: The active pharmaceutical ingredient (API) manufacturer has given good returns of about 42 percent in the last one year. However, this year, the stock rose  over 5 percent. (Company Image)
5. Divis Laboratories: The active pharmaceutical ingredient (API) manufacturer has given good returns of about 42 percent in the last one year. However, this year, the stock rose  over 5 percent. (Company Image)
6. Engineers India: This midcap stock has slipped 11 percent in last one year, and nearly 8 percent this year. (Company Image)
6. Engineers India: This midcap stock has slipped 11 percent in last one year, and nearly 8 percent this year. (Company Image)
7. IRB Infrastructure: Share price of IRB has declined 52 percent in the last one year, and has also slipped over 33 percent this year. (Stock Image)
7. IRB Infrastructure: Share price of IRB has declined 52 percent in the last one year, and has also slipped over 33 percent this year. (Stock Image)
8. Jubilant FoodWorks: The share price of the Domino's Pizza manufacturer fell over 7 percent in last one year. However, it increased around 2 percent this year.
8. Jubilant FoodWorks: The share price of the Domino's Pizza manufacturer fell over 7 percent in last one year. However, it increased around 2 percent this year.
9. NBCC: State-owned NBCC in last one year has fallen over 33 percent while this year, it slipped only 1 percent. (stock image)
9. NBCC: State-owned NBCC in last one year has fallen over 33 percent while this year, it slipped only 1 percent. (stock image)
10. RBL Bank: This midcap banking stock has seen gains of nearly 10 percent in the last one year. Meanwhile, this year, the stock has increased 7 percent. (Company Image)
10. RBL Bank: This midcap banking stock has seen gains of nearly 10 percent in the last one year. Meanwhile, this year, the stock has increased 7 percent. (Company Image)
11. Tata Power: The share price of this power manufacturer has slipped over 14 percent in last one year, and has declined nearly 16 percent this year. (Stock Image)
11. Tata Power: The share price of this power manufacturer has slipped over 14 percent in last one year, and has declined nearly 16 percent this year. (Stock Image)
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