Markets ended the week sharply lower with the Nifty down 10 per cent from peak levels.However, there were a few stocks that bucked the trend from the small cap space.
Take a look at the weekly gainers.
Techno Electric +13.26%
MM Forgings +7.51%
Radico Khaitan +7.26%
Kelton Tech Solutions +6.37%
Ashoka Buildon +5.88%
TPL Plastech +5.33%
Cyeint +4.24%
The Byke Hospitality +3.81%
VIP Industries +3.51%
Should you hold midcap stocks?
The markets have corrected a fair bit and we believe that there could be a bounce in stocks in the coming days. Investors looking for buying could get into the good quality names. One reason the markets could rally is that all selling pressure would be gone, after March 31, 2018, as liquidity conditions would improve and the deadline for Long Term Capital Gains would be gone. It is hence not advisable to sell into stocks and buy into quality names on declines.
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