Top quality midcap stocks gaining momentum

Top quality midcap stocks gaining momentum

by 5paisa Research Team Last Updated: Dec 14, 2022 - 04:26 pm 41.5k Views
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Nifty Midcap 150 Index returned 45 per cent in the year 2021 outperforming the Nifty 50 index. Read on to find out top-quality midcap stocks that are gaining momentum.

In the year 2021, mid-cap space was in a sweet spot with Nifty Midcap 150 index returning 45% which is almost 21% higher than the Nifty 50. Moreover, when the markets went under pressure in mid-October 2021, since then up to the end of December 2021, Nifty Midcap 150 and Nifty Smallcap 250 indices fell less than that of Nifty 50. In this article, we would be listing the top 10 quality mid-cap stocks that are gaining momentum. However, before doing so let us first understand how they are placed in terms of valuations.

In terms of valuations, the price to earnings (P/E) ratio of Nifty 50 is trading above its historical mean, while the P/E ratio of Nifty Midcap 150 is below its historical mean. This shows that in terms of valuation, midcaps seem to be attractive when compared with large caps. Even the small caps are better placed as compared to the large cap.

Following is the list of Top 10 quality mid-cap stocks gaining momentum.

Name 

Current Market Price (Rs) 

10-Year Profit Growth (%) 

Sales Growth (%) 

10-Year Median Sales Growth (%) 

Debt to Equity Ratio 

Return on Equity (%) 

Finolex Industries Ltd. 

207.5 

25.56 

66.83 

4.85 

0.01 

28.91 

Brightcom Group Ltd. 

162.7 

25.41 

20.61 

6.59 

0.00 

15.87 

K P R Mill Ltd. 

706.4 

21.39 

33.15 

8.21 

0.30 

24.31 

Balaji Amines Ltd. 

3,783.9 

24.48 

79.90 

9.57 

0.16 

30.59 

Welspun India Ltd. 

157.0 

78.05 

39.34 

12.05 

0.84 

16.26 

Trident Ltd. 

53.2 

18.39 

46.26 

-1.11 

0.37 

10.47 

Escorts Ltd. 

1,893.4 

21.28 

32.31 

20.73 

0.01 

19.71 

Motilal Oswal Financial Services Ltd. 

916.2 

25.59 

54.64 

0.36 

0.94 

35.02 

BASF India Ltd. 

2,980.8 

9.92 

43.89 

10.05 

0.10 

19.01 

SKF India Ltd. 

3,809.0 

5.45 

43.24 

2.13 

0.01 

17.11 

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