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Kotak Institutional Equities hasn’t stopped covering midcaps; only dropped a model portfolio: Sanjeev Prasad
Look at the midcaps in 2017-2018, again you had this period of excess euphoria in the market at that time, many of the midcaps struggled for the next five years after that. Again, we are seeing a period where expectations have run well ahead of the fundamentals. My best sense here would be the stock prices would correct whenever they do but I have no expertise to forecast stock prices or they will time correct over a period of time.