Invest in TTK Prestige on dips: Sudip Bandopadhyay

Sudip Bandopadhyay, MD & CEO, Destimoney in an interview with ET Now talks about midcap stocks.

Are concept stocks in the midcap space running out of steam?

Couple of things one has to remember in midcaps. The stocks run up to a certain stage and at some stage, the valuation looks full. Jubilant Food the valuation looks very rich and I would not recommend exposure at these levels. TTK Prestige there is still some way to go and of course after some correction, it may be a good time to invest.

One must remember that in midcap instead of investing now in these midcap stocks where the valuation looks rich, one can go and hunt for better midcap ideas where the valuations are still not looking very rich and there are still opportunities of making money by investing.