“10 outperforming midcap stocks trading at cheaper valuations.”
The current calendar year has seen the India VIX, which measures volatility, rise by over 50 per cent. Large cap stocks have outperformed small- and mid-cap stocks with the NSE Nifty 50 Index rising over 3 per cent during the same time. The 50-stock gauge also trades at 21.7 times one-year forward earnings as per analyst estimates while the 5-year average stands at 23.2 times. The Nifty Midcap Index has declined 17 per cent in 2018 with its one- year forward price-to-earnings multiple quoting at
