These midcaps have fallen 10-40% from 52-week high but can give double-digit returns

While the benchmark index, S&P BSE Sensex, has dropped about 9 percent from its record high that it hit in August, many midcap stocks have fallen by about 40 percent from their respective highs.

High valuations, liquidity concerns, rise in commodity prices and weakening rupee resulted in a sharp correction in the mid-cap names in the recent past.

Motilal Oswal has shortlisted 10 stocks that have fallen up to 40 percent from their 52-week highs, but still have potential to give 10-90% return in the next 12 months.

Stocks which have dropped 10-40 percent from their respective 52-week highs include Shriram Transport, RBL Bank, Exide Industries, Tata Chemicals, JSPL, Oberoi Realty, MindTree, CG Consumer and Teamlease.

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