Midcap stocks that caught investors attention in July 2021

On the back of the quarterly results announced for Q1FY22, a rally was witnessed in mid-cap IT stocks. However, the continuation of upmove in these stocks is dicey and has to be kept an eye on.

Similar to BSE Smallcap index, BSE Midcap index also climbed and managed to make a fresh high at the start of the week. Sensex zoomed 363.79 points while Nifty ended close to its 52-week high at 15,885.15 level whereas BSE Midcap index settled at 23,330.77 levels today. 

In July 2021, mid-cap stocks have delivered up to 43 per cent returns to investors. On the back of the quarterly results announced for Q1FY22, a rally was witnessed in mid-cap IT stocks. However, the continuation of upmove in these stocks is dicey and has to be kept an eye on.  

JSW Energy was the stock delivering the highest gain in July 2021 of 43.43 per cent. It was followed by Jubilant FoodWorks zooming 21.3 per cent and ACC Limited gaining 19.91 per cent. JSW Energy is also the leading stock on a YTD basis, rewarding investors with 274.44 per cent gains.  

In the recent Q1FY22 results declared by JSW Energy, the company has embarked upon 2.5-gigawatt projects. It has also signed an agreement with an Australian company called Fortescue Future Industries to step into the production of green hydrogen. It also expects the EBITDA number to inch higher over the next three quarters. 

Following is the list of the top 10 mid-cap stocks of July 2021 -