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Hot & Hotter: Mid- and small caps seen to be pricey, can surge 15-29%
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stock market has led to the valuations of several shares, especially mid-caps and small-caps, turning pricey, raising concerns whether the upsides are capped. Analysts think there is, however, still scope for upsides in a few smaller shares.
They have upgraded price targets on shares of various small- and mid-cap companies in the past three months.
According to consensus price targets compiled by Bloomberg, stocks like EIH, Cholamandalam Financial, TeamLease Services, Bank of India, Sunteck Realty, Mahindra Holidays, Zomato could return 15-29% after analysts raised their price targets on these stocks.
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