Indian stock markets reached all-time highs for major indices last week and such events usually boost investor sentiment. In majority of the market rallies, indices are driven by blue-chip counters while broader market lags behind. Indian investors are upbeat about Indian economy and medium to long term investments in promising companies is on the rise. There are many promising companies with high potential in midcap and smallcap space. Indian markets have witnessed 12 consecutive weeks with rising indices while the last week ended one percent lower.

In the midcap segment, there are many stocks that are available at attractive valuations. Companies that can be considered as reliable long-term bets include Biocon, Sona BLW Precision, 3M India, Coromandel International, Sundaram Finance, Kansai Nerolac Paints, Gland Pharma, IPCA Labs and Devyani International.

Motilal Oswal Financial Services, Laurus Labs, Emami Limited, BalKrishna Industries and Ajanta Pharma are still fairly valued and can offer good returns over medium to long term.

Among small capital stocks, Thyrocare Technologies, VST Industries, Delta Corp, KEC International, Caplin Labs and EID Parry are currently available at attractive valuations. Long term investors can also keep these stock under watch and buy during market correction.

TopNews keeps on tracking stocks that can perform better over long term. Our team also tracks performance of BUY/SELL suggestions given by popular market analysts.