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Are you eyeing on midcaps?

Investors are now turning towards midcap stocks with strong balance sheets. ETIG data shows the market value of the Nifty Midcap 100 index rose 26 per cent since the beginning of the year to Rs 25.62 lakh crore. The market value of the Nifty 50 index rose 7 per cent in the same period to Rs 116 lakh crore.
The companies which are digitally challenging the existing business are expected to have very good growth. Domestic focussed midcap pharma Companies like Eris Life Sciences are not much prone to risk on any US-related issues. Another opportunity to invest in midcaps would be midcap space tiles, switchgear, switches, cables and pipes. This is because many experts believe that residential real estate will surge in the next 2-5 years span. Apart from them, in the chemical segment like NOCIL, Phillips Carbon Black stocks are great to invest in.

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