The mid cap also is expected to grow in similar lines and trades at 50% premium to large caps. While the longer-term outlook for mid cap is superior to large caps, the valuation premium is at record high and there could be mean reversion especially when the growth is picking up for the large cap. Hence on a risk reward basis, a large cap looks superior.
HDFC Bank shares fall for 2nd day but Jefferies, others brokerages remain bullish. Should you buy the dip?
HDFC Bank shares extended losses for a second straight session after its Q1 FY27 earnings, but brokerages remain optimistic on the stock. Jefferies, Motilal Oswal,