Tough to take a call on midcap space: R Balakrishnan

R Balakrishnan, Investment Analyst, in a chat with ET Now, gives his midcap recommendation





What would your specific midcap recommendations be in this market?

Well in this market it is very very tough to take a call on the midcap space because they all have been beaten down so much. Frankly I would at this stage keep away from the market. I would put my money into debt for sometime and wait for a correction. A 10% upside on my bonds is good enough and if interest rates come down I will get some more kicker there also. (In) Stock markets I do not see a convincing 10% return which is happening so I would pass any ideas at this least.