Buy Medium Momentum Stocks: Build your mid-cap portfolio with these stocks as the outlook improves

According to ICICI Direct, the investment allocation for this portfolio should be approximately Rs 13,363, compared to the Nifty 500.Dalal Street was teeming with analysts claiming that it was time to own medium-sized stocks after years of underperforming those of large companies. Brokerage and research firm ICICI Direct said: “The average capital index has exited the bearish phase as it recorded a steady breakout from the three-year downtrend line, signaling the resumption of the major uptrend.” Supported by the view that broader markets are likely to outperform benchmarks, analysts at ICICI Direct have determined how to build a medium-term momentum portfolio over the medium term to extract maximum returns from these bullish outlooks for the wider markets.

The brokerage firm said: “Within the medium capital area, we have monitored the discretionary consumer sector based on the higher relative strength rating, so we can get a higher beta version.” The highest wallet weight is allocated Voltas With a weight of 26.1% or 4 shares. Currently, the stock is trading at 909 rupees a share after rising 64% in the past six months.

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This is followed by a 20.2% allocation to Crompton Graves. This allocation translates into 7 equity shares of the company. Crompton Greaves shares have jumped 61% in the past six months and have more than doubled since the sell-off in March 2020 and are now trading at 395 rupees a share. ICICI Direct added as well V-Guard Industries To the portfolio with a weight of 18.9%, that is, 12 shares of stock. V-Guard has already been up 15% since the start of this year and in the past six months it has gained more than 25%.

symphony It is another stock in the MCC portfolio with a weight of 15.7%. Currently, the stock is trading at Rs 1,097 a share, after jumping more than 33% since the start of December last year. The final addition to the average capital portfolio is Bajaj Electric By allocating 19.2%, which is approximately 4 shares for the company. The stock is trading at Rs 707 a share, after jumping 79% in the past six months.

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According to ICICI Direct, the allocation of investment towards this portfolio should be around Rs 13,363, compared Nifty 500 index. The brokerage firm has classified this portfolio as a high risk medium term portfolio. Potential returns range from 8% to 15%.

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