The way midcaps have performed in the last week. The biggest question would be whether this is another short-term profit booking move or the beginning of a long-phase correction and valuation adjustment. The answer would depend on one thing, how the SEBI advisory to mutual funds houses pans out. If the mutual fund decides to put brakes to the inflows that are coming into the schemes then it is very likely that we might see a sharp correction otherwise, while it might be a more timewise correction and price damage would be relatively less. During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies that are known to be well-managed. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
