Return of NDA unlikely to boost returns of mid-caps, small-caps
Despite the severe correction, analysts don’t find valuations of mid-cap stocks attractive yet
Apart from the economic slowdown and liquidity crunch, delayed earnings revival is a key risk
With the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) returning to power, some traders are hoping that the battered mid- and small-cap stocks, which hogged the limelight post-2014 elections, would make a comeback again. This optimism is stemming from expectations of the government’s renewed focus on reforms to boost growth.
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