Midcap & Smallcap Stocks: HAL, Paras Defence, TVS Motor, MCX & BSE Among Top Picks

Midcap and smallcap stocks are showing improving momentum as quarterly earnings turn stronger and selective stocks begin to show signs of value emerging. Chandan Taparia, Head Derivatives & Technical, Wealth Management, Motilal Oswal Financial Services, shares his preferred stocks across key themes. In defence, HAL and Paras Defence remain strong picks, with positive trends and key levels to watch. TVS Motor stands out in the auto space, while MCX and BSE are in focus under the capital-market and commodities themes. The discussion highlights why investors may need to stay selective and focus on stock-specific strength rather than expecting broad-based sector rallies.