Best Stocks: These 8 midcap stocks will become rockets, buy immediately if you get a chance

After SEBI's statement, midcap and smallcap stocks saw a steep decline. Some stocks have touched their 52-week lows. Experts advise to buy 8 midcap stocks. Which includes shares of railways to small finance banks. The global financial services major is bullish on the Indian market and believes there is no chance of a selloff in midcaps at current levels.

HSBC also said in a report that midcap valuations have already fallen below the 5-year average. The midcap market has fallen to 73 percent from 90 percent at the beginning of the year. It further said that the midcap premium has come down from 30% to 17% in January. Besides, the BSE midcap index fell over 4% and the BSE smallcap index fell 8% in the month to March 20.

This can become an 8 share rocket

HSBC says that after this decline, there is now a possibility of improvement. HSBC said Naika shares are up 57.5% and Equitas Small Finance Bank is up 53.8%. The share of Titagarh rail system could increase by 40.6% and prestige estate projects by 26.3%. Kalyan Jewellers, Ipka Labs, Voltas and Phoenix Mills also saw a rise of 10%-19%.

These two stocks can have a big jump

HSBC said Nykaa's BPC business is growing revenue at over 20 percent and is trading at an attractive valuation. It is likely to unlock value in its fashion business. On the other hand, Equitas Small Finance in the bank is constantly changing its capabilities, thereby increasing the chances of making a profit. HSBC said shares fell about 8% during March.

Big jump in stock market in one year

It may be noted that in the last one year, the Sensex has increased by 24.78% or 14,426 points to reach the level of 72,641. While the Nifty is trading at 22,011, up 28.34% or 4,860 points. Bank Nifty has also gained 16.72% in one year.