Most midcaps are trading below their 2008 highs and they make a good case for allocation over pure large caps.
Following are technical recommendations from HDFC Securities on stocks which have the potential to turn into multibaggers in the long-term period.
IDBI Target price Rs 230 Upside: 152 %
Jain Irrigation Target price Rs 252 Upside: 140 %
Crompton Greaves Target price Rs 400 Upside 122%
Adani Enterprises Target price Rs 766 Upside 80%