A maturing market amid the mayhem
Mid-cap index outperforms Sensex
NDTV climbing over 14 percent and Anant Raj Industries up 12.1 percent were the top gainers in the mid-cap index on Tuesday.
The mid-cap index has rallied 67 percent in 2009, significantly higher than the 56 percent return of the benchmark Sensex, data from Thomson Reuters shows.
The difference is even larger if we look at figures since April, when the mid-cap index jumped over 80 percent as compared to the Sensex rise of 55 percent.
Prominent among mid-cap counters have been Educomp Solutions, which has gained over 71 percent and Bhushan Steel, which has more than doubled since April.
The companies have also had a good earnings season. Companies in this segment delivered better earnings growth than their larger peers, as per a Business Standard report.
Would you consider investing in mid-cap stock or would you prefer the larger players in the current scenario?