Top 7 mid-cap stocks: No. 1 stock has turned Rs 100,000 into Rs 12,18,000 in just 1 year
Since mid-cap companies are in their growth stage to become large caps, they present higher growth potential than their large-cap peers. Mid-cap companies also represent different themes and sectors, which provide diversification for equity investors. Jai Balaji Industries, Waaree Renewables, Cochin Shipyard, and Jupiter Wagons have been some of the top performers in the last one year.
Top 7 mid-cap stocks in 1 year: Mid-cap companies have a market value between Rs 5,000 crore and Rs 20,000 crore. Mid-cap companies are fundamentally stronger and more capable of fighting market fluctuations than small-cap firms. Since mid-cap companies are in their growth stage to become large caps, they present higher growth potential than large caps. Mid-cap companies also represent different themes and sectors, which provide diversification for equity investors. Many of the mid-cap firms are well-known names in their own fields. As many as 10 mid-cap stocks have given over 350 per cent returns in the last one year (As per Value Research data). We take you through the performance of the top 7 mid-cap stocks and what Rs 1 lakh investment in each stock has turned into in the one-year period.
Jai Balaji Industries
The stock of Jai Balaji Industries tops the list with 1,138.32 per cent returns in one year.
The Kolkata-headquartered firm manufactures and markets iron and steel products mainly in India.
It has a market value of Rs 16,062.02 crore, and its share closed trading on BSE on Thursday at Rs 931.40.
A Rs 1 lakh lump sum investment in the stock has given a return of Rs 11,18,631 in the one-year period.
Waaree Renewables
The stock has given a 986.45 per cent return in the year-long period.
The Mumbai-headquartered company is into renewable electricity generation.
The market value of the firm is Rs 22,774.32 crore, while its share closed at Rs 2186.70 on Thursday.
A Rs 1 lakh lump sum investment in the stock has given a return of Rs 9,90,949 in the one-year period.
Ge T&D India
The mid-cap stock has given a 643.92 per cent return in the one-year period.
The Delhi-headquartered company is into power transmission and distribution in India.
Its market value is Rs 39,944.54 crore, while it hit a 52-week high of Rs 1,571.70 on BSE on Thursday.
An investor with a Rs 1 lakh investment in the stock has a return of Rs 6,64,963 as of today's date.
Cochin Shipyard
The multibagger PSU stock has given a 619.28 per cent return in the one-year timeframe.
The company builds and repairs ships and offshore structures in India.
It has a market value of Rs 52,797.68 crore, while its share price is Rs 2,006.90.
The one who invested Rs 1 lakh in the stock a year ago has a return of Rs 6,28,245 as of today's date.
Jupiter Wagons
The wagon manufacturer has given a 420.45 per cent return in the one year.
The company manufactures and sells mobility solutions in India and abroad.
Jupiter Wagons has a market value of Rs 28,856.43 crore, while its share closed trading at Rs 699.90 on Thursday.
A Rs 100,000 investment in the investment has now become a total of Rs 5,17,677.
IFCI
The non-banking finance company (NBFC) has given a 417.82 per cent return in the year-long period.
The New Delhi-headquartered company provides NBFC facilities to public sector undertakings (PSUs) in India.
The market value of the company is Rs 16,781.87 crore, while its stock closed the trading session on Thursday at Rs 64.21.
The one who invested Rs 100,000 in the stock has a return of Rs 4,31,980.
TVS Holdings
The auto ancillary firm has given a 382.61 per cent return in the one-year period.
The Chennai-headquartered company provides automotive components and vehicles.
The market value of the firm is Rs 24,020.64 crore, while its share closed trading at Rs 11,872.55 on Thursday.
The one who spent Rs 100,000 to buy TVS Holdings stocks has a return of Rs 2,02,862 in the one-year period.
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