small caps: Hot & Hotter: Mid- and small caps seen to be pricey, can surge 15-29%

Mumbai: The current rally within the inventory market has led to the valuations of a number of shares, particularly mid-caps and small-caps, turning expensive, elevating considerations whether or not the upsides are capped. Analysts assume there may be, nevertheless, nonetheless scope for upsides in a number of smaller shares. They’ve upgraded value targets on shares of assorted small- and mid-cap firms up to now three months.

Based on consensus value targets compiled by Bloomberg, shares like EIH, Cholamandalam Monetary, TeamLease Providers, Financial institution of India, Sunteck Realty, Mahindra Holidays, Zomato may return 15-29% after analysts raised their value targets on these shares.

ET has curated a listing of 15 such shares, the place analysts have elevated goal costs by greater than 15% over the previous three months, with potential for no less than 10% returns within the coming 12 months.

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