Concerns over manipulation in price movement of midcap stocks are creating panic in the mid-cap side of the market. Companies in which the regulator has ordered an inquiry into price rigging as well as various other companies associated with the same set of stock operators accused of unfair practices have crashed in the last couple of trading sessions. While there are possibilities of buying opportunities in some midcap stocks one needs to be very certain about their growth prospects as well as have a clear long term holding time period as in the near term market is likely to focus on large frontline stocks only.
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