Midcap EPS growth to race past Nifty’s! Jefferies recommends picking these 10 stocks for up to 30% gains

Midcap stocks have outperformed largecap stocks since June last year, driven by faster earnings growth and a surge in return on equity, said Jefferies India. Midcaps’ earning per share CAGR is forecasted to double that of Nifty50 from FY21-23 and is also estimated to be higher at 24% over FY23-25 than the 20% expected for Nifty50, according to Jefferies analyst Sonali Salgaonkar. Consequently, the analyst recommended selectively adopting a bottom-up investment approach. Jefferies has also shortlisted the top ten midcap ideas for investors to target specific stocks.