1 min read.Updated: 26 Nov 2019, 01:40 PM ISTEric Lam
Top mid-cap picks from Citi include cement maker ACC Ltd., biotech Biocon Ltd. and L&T Finance Holdings Ltd.
India’s smaller companies have earned another look after suffering through some two years of underperformance relative to their larger peers. The divergence between the two groups is “significant" compared with longer-term historical correlations, according to Citigroup Inc. The MSCI India Mid-Cap Index has lost 17% in the past two years, while the benchmark S&P BSE Sensex Index has gained more than 20%.