Berger Paints, V-Mart among Elara Capital's top 14 stocks in midcap basket

Midcaps stocks have under-performed their large-cap peers so far in calendar year 2018 (CY18). On a year-to-date (YTD) basis, the S&P BSE Sensex has moved up 4% as compared to a 14% fall in the BSE Midcap index. 

According to an Elara Capital report, the carnage among the midcap stocks was mainly due to lofty valuations, earnings disappointment, foreign portfolio investors’ (FPI) outflows and slowing mutual fund (MF) inflows. However, a sustained SIP flow is the only silver lining (May SIP at Rs 70 billion), the report adds.

Despite the correction, mid-caps still trade at a 6% premium to the large-caps. Going