Many investors have flocked to mid-cap stocks over the last 12-18 months and they have not been disappointed, with the S&P BSE MidCap index delivering 48% returns in the calendar year 2017. Individual mid-cap stocks have gone up 2-3 times in the same period, while S&P BSE Sensex (large-cap) has delivered around 28%. Typically, return expected from a mid-cap stock is higher than that of its large-cap peer in the same industry, as the earnings growth of the former is projected to be steeper. But have you wondered how a mid-cap stock is defined, how to identify it and why these stocks deliver higher return multiple?
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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