Wary of midcap stocks amid economic slowdown: Hemindra Hazari

In a chat with ET Now, market expert Hemindra Hazari shares his view on what investors should do with midcap IT stocks.

ET Now: What is your on view on midcap IT space?

Hemindra Hazari: In general, in this market, I would be wary of the midcaps in general. I would prefer to be in largecaps and in IT space too, I would prefer to go in for largecaps because the performance of midcap companies can be extremely volatile. If midcap companies do not get orders in one or two quarters, their topline can collapse.

Hence, in an environment where there is a general slowdown, and even exports are not doing well, I would stay clear of midcaps in general.