In mid-April, the website Capitalmind.in ran an exercise that tried to identify value in midcaps. This focussed on the 150 constituents of the Nifty Midcap 150 Index. At that point of time, the index had already plunged from the heights of 6,800-plus to a low of about 4,100 and started a recovery.
As of last week, the index pushed back to above 4,900-mark. That’s a retraction of 40 per cent in just over a month (February 20-March 24) followed by a bounce of 20 per cent off the low in the last 9 weeks.
Anyway, the website discovered over half the
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