Paytm, Zomato, Indiabulls Housing look oversold; can jump up to 25%

Among the beaten down mid- and small-cap stocks, Paytm and Zomato can provide some relief to investors, while stocks like Metropolis Healthcare and Latent View Analytics could see further pain

The Indian stock markets have been on a downward spiral since last October, wherein the key benchmark indices have shed almost 16 per cent from their record peaks. There is a sense of fear and confusion on the Street given the spike in volatility and underlying unpredictable nature of the market itself.
 

In the recent past, select mid- and small-cap stocks have caused notable destruction to investors wealth as well-known stocks tumbled over 40 per cent from their respective peaks on valuation and future growth concerns.
 

Among the mid-caps, Metropolis Healthcare has tanked 57 per cent so far this year.