"Long term investors should not get carried away by such instant short term outperformance and can have exposure upto 20-25 percent in few promising quality mid & small cap stocks," Prashanth Tapse said.
While benchmark indices have rallied 35 percent since March 24, broader market has also played catch-up. BSE Midcap index has rallied more than 36 percent from its March 23's low point.
Although year-to-date most of indices are still in the red.
Even at stock-specific level, more than 80-85 percent of stocks have already turned positive if we consider the March lows.
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