Indian equity markets have been on a roller-coaster ride over the last two years. Amid this volatility, while Nifty Midcap 50 has risen around 11% so far in 2023, the benchmark Nifty50 has risen around 3%. Analysts and brokerage firms expect the midcap space to continue moving higher as the fundamentals of the domestic market are healthy
The volatility in the domestic share market provided active fund managers an opportunity to take positions in beaten-down stocks. Here are the top 10 midcap stocks that were bought by a majority of Portfolio Management Services (PMS) managers in May 2023, according to PMSBazaar data as of May 31, 2023
- No. of new PMS strategies that added this stock: 11
- Total no. of PMS strategies that held the stock: 26
- Total no. of actively-managed mutual fund schemes that hold the stock: 67
- No. of new PMS strategies that added this stock: 11
- Total no. of PMS strategies that held the stock: 19
- Total no. of actively-managed mutual fund schemes that hold the stock: 134
- No. of new PMS strategies that added this stock: 9
- Total no. of PMS strategies that held the stock: 30
- Total no. of actively-managed mutual fund schemes that hold the stock: 87
- No. of new PMS strategies that added this stock: 9
- Total no. of PMS strategies that held the stock: 27
- Total no. of actively-managed mutual fund schemes that hold the stock: 149
- No. of new PMS strategies that added this stock: 8
- Total no. of PMS strategies that held the stock: 13
- Total no. of actively-managed mutual fund schemes that hold the stock: 84
- No. of new PMS strategies that added this stock: 8
- Total no. of PMS strategies that held the stock: 10
- Total no. of actively-managed mutual fund schemes that hold the stock: 82
- No. of new PMS strategies that added this stock: 7
- Total no. of PMS strategies that held the stock: 32
- Total no. of actively-managed mutual fund schemes that hold the stock: 172
- No. of new PMS strategies that added this stock: 7
- Total no. of PMS strategies that held the stock: 19
- Total no. of actively-managed mutual fund schemes that hold the stock: 97
- No. of new PMS strategies that added this stock: 7
- Total no. of PMS strategies that held the stock: 15
- Total no. of actively-managed mutual fund schemes that hold the stock: 129
- No. of new PMS strategies that added this stock: 6
- Total no. of PMS strategies that held the stock: 31
- Total no. of actively-managed mutual fund schemes that hold the stock: 100
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