Tag: Indian midcap

NEW DELHI: India’s midcap stocks are again growing in popularity among overseas investors after five years of decline, according to Goldman Sachs Group Inc.“We are seeing a sharp reversal” in foreigners’ ownership of India midcaps, strategists including Amorita Goel and Sunil Koul wrote in a note Wednesday, citing their analysis of second quarter shareholding data. Overseas investor holding in midcaps has increased by 175 basis points to 16% of their market capitalization this year, compared with a drop of 250 basis points over the last five years, they...