Five midcap names that investors should keep an eye on today!

Five midcap names that investors should keep an eye on today!

by 5paisa Research Team Last Updated: 2022-05-18T16:42:26+05:30

Check out the midcap companies making headlines in the morning trade session.

Among the midcap companies, Dr Lal Path Labs, IRB Infrastructure, Galaxy Surfactants, Motilal Oswal Financial Services, and Mangalore Refinery & Petrochemicals are among the stocks that are in the news on Wednesday. Let us see why! 

Dr Lal Path Labs: The company is in the news not for its rise but fall due to poor Q4 results. It posted a decrease of 27% in Q4 consolidated net profit of Rs 62.1 crore on a YoY basis. However, the topline was up by 12.65% YoY to Rs 485.5 crore. The consolidated net profit for the year ended March 31, 2022, was Rs 350.3 crore, up 18.2% as against the same day last year. At 1 pm on Wednesday, the stock was trading at Rs 2,050, down 6.18% or Rs 135 per share.

IRB Infra: In Q4FY22, revenue decreased by 10.72% YoY to Rs 1433.62 crore from Rs 1605.85 crore in Q4FY21. On a sequential basis, the top-line was up by 12.08%. PBIDT excluding other income was reported at Rs 641.59 crore, down by 15.59% YoY and the corresponding margin was reported at 44.75%, contracting by 258 basis points YoY. PAT was reported at Rs 234.93 crore, up by 85.71% from Rs 126.51 crore in the same quarter of the previous fiscal year. At 1 pm on Wednesday, the stock was trading at Rs 215.40, down by nearly 1% or Rs 2 per share.

Galaxy Surfactants: A leading manufacturer of performance surfactants and speciality care products reported robust Q4 and FY22 results that has sent the stock flying. For Q4, the revenues and net profit were up by 34.4% and 25% YoY to Rs 1,053 crore and Rs 98.4 crore, respectively. The net profit for the quarter has been the highest ever for the company. However, the management said that they will move ahead in FY23 with caution as FY23 is expected to be affected by both supply and demand-side risks. It is witnessing early signs of demand cut due to inflation and geopolitical situation. At the time of writing, shares of the company were trading Rs 2,740, up by 5.87% or Rs 152.

Motilal Oswal Financial Services: The company in its board meeting has given a green signal for its share buyback programme. The buyback size is about Rs 160 crore wherein the company will buy 1.46 million shares (representing 0.98% shares of total paid-up equity capital) with the face value of Rs 1 each at Rs 1,110. It is adopting the ‘tender offer’ route for the buyback. It has fixed 27th May 2022 as the record date to determine the entitlement of shareholders who would be eligible to participate in the buyback. At 1 pm on Wednesday, the stock was trading at Rs 850, down 0.1% or Rs 1 per share.

Mangalore Refinery & Petrochemicals: The company is amongst the top gainers in the A group. In Q4FY22, revenue grew by 35.76% YoY to Rs 28227.78 crore from Rs 20792.85 crore in Q4FY21. PBIDT was reported at Rs 2941.02 crore, up by 224.8% YoY PAT was reported at Rs 3004.43 crore, up by 1023% YoY. Mangalore Refinery & Petrochemicals Ltd (MRPL) has got a versatile design with high flexibility to process Crudes of various API and with a high degree of automation. MRPL has also developed a Green Belt around the entire refinery with plant species specially selected to blend with the local flora. At the time of writing, the stock was trading at Rs 89.25, up 10% or Rs 8.10 per share.


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