Polycab, Supreme Industries Jefferies' top picks of Indian mid-caps

Pidilite Industries

21/11/2023 06:12

** Polycab India  POLC.NS , Supreme Industries  SUPI.NS  
are the top mid-cap picks for Jefferies, post September quarter
earnings season
    ** Jefferies foresees capex and housing to continue to
deliver healthy volume growth
    ** Brokerage also identifies Amber Enterprises  AMBE.NS ,
Pidilite Industries  PIDI.NS , Finolex Cables  FNXC.NS  among
its top mid-cap picks
    ** Jefferies key earnings per share (EPS) downgrades from
mid-cap segment: UPL  UPLL.NS , Graphite India  GRPH.NS , HEG
 HEGL.NS , Crompton Greaves Consumer Electricals  CROP.NS ,
Whirlpool of India  WHIR.NS  
    ** "Healthy operating margin expansion drove 44%
year-on-year profit growth in our small- and mid-cap coverage,"
says Jefferies
    ** The Nifty Mid-cap 100  .NIFMDCP100  has gained 33.2% in
2023 so far, while small-caps  .NIFSMCP100  have jumped 42.4%,
outperforming benchmark Nifty's  .NSEI  9.23% rise
    ** Both mid- and small-caps are at record highs
    

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Jefferies' top Indian mid-cap picks    https://tmsnrt.rs/46sNpum
Small-, mid-caps outperform India's Nifty in 2023    https://tmsnrt.rs/3sHGNKS
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 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))