Nifty 50 may rise 11-13% in next 12 months, cautious on midcaps, says Anand Rathi; Hero Moto, ICICI Bank among top picks
The medium to long-term outlook for the Indian stock market remains robust and the benchmark Nifty 50 index is expected to give around 11-13% returns in the next twelve months, analysts at brokerage firm Anand Rathi said. While the smallcap stocks are expected to outperform the brokerage firm remains more cautious on midcap stocks and…