The latest earning season has been one of the best we have seen in several years in terms of both, topline and bottomline growth, said Arvind Sanger, managing partner of Geosphere Capital Management.
“The most heartening thing is that the earnings are starting to show-up in a meaningful way,” he said.
According to him, the midcaps are also riding the wave of good economic fundamentals. "I think the global risks ... we have lived through some of the fears, global trade war that seems to be somewhat receding,” said Sanger.
"So as long as the global cues remain well-behaved, the Indian economic fundamentals are such that there is no reason for the midcaps to be left behind,” he further mentioned.