Many mid-caps run ahead of Street expectation Holding on to a stock that has gained sharply this year? It might be time to take money off the table. Nearly 50 stocks in the 82-member BSE Midcap index have outperformed the benchmark S&P BSE Sensex since February. Of these, around 30 are now trading above their 12-month consensus analysts’ price targets. On average these stocks are above their price targets by 14 per cent, indicating they might have run ahead of their fair value. Interestingly, in end-February, barring only four of these, all others were well below their 12-month consensus price targets. Since then, benchmark indices have gained a little over 20 per cent, while the BSE Midcap index has gained 27 per cent. This happened amid supportive global cues and domestic factors like hopes of a favourable monsoon and signs of a pick-up in corporate earnings and the economy. At least a dozen stocks in the BSE Midcap index have gained a little more than 50 per cent. Nine