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As good as it gets

Mid-cap stocks are likely to continue their winning streak but the risk-reward in some sectors are no longer favourable

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In CY17, small triumphed over big. While, only one stock doubled in Nifty 50, as many as 12 stocks doubled in Nifty Free Float Midcap 100 index. The one stock that doubled in Nifty 50 was that of Bajaj Finance, whose market cap doubled to Rs.101,277 crore. Of the 12 stocks that doubled in the Nifty Free Float Midcap 100 index, Indiabulls Real Estate, Vakrangee and Jindal Steel & Power were the biggest gainers. Over the past one year, while Nifty 50 gained 29%, the Nifty Free Float Midcap 100 index outperformed it by a mile by gaining 47%.