Vodafone, IDFC First among 14 biggest midcap laggards in past 1 year. Should you buy, sell or hold?
midcap stocks have outperformed the Nifty at an index level over the past year, there are 10 stocks that have been market laggards and have dragged down the Nifty Midcap 100 index. Vodafone Idea's 40% fall is the most notable, followed by IDFC First Bank and Bandhan Bank. Here's what to do with them:
Other stocks include Tata Elxsi, Indraprastha Gas (IGL), AU Small Finance Bank, APL Apollo Tubes, Delhivery, Astral, and SBI Cards and Payment Services, which have fallen between 5% and 19% in the last 12 months.
The weakness in these stocks has been due to several factors, including company and sector-specific issues, as well as overall market sentiment since June following the general election results. Midcaps as a segment have also struggled over the past three months.
The Nifty Midcap 100 index's fall from its peak is still 7.5% despite a late recovery, and the index has delivered returns of 33% over the past 12 months. Meanwhile, the Nifty has yielded 22% during the same period.
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