High-quality mid-cap stocks to consider for excellent returns!
Over the previous year, broader markets have outperformed the Nifty 50 by a wide margin. In this post, we will present the top ten solid mid-cap companies to explore.
In the previous year, the Nifty Mid-Cap 150 Total Returns Index (TRI) returned 34.9 per cent, while the Nifty 50 TRI returned 18.7 per cent. When we compare the median one-year, three-year, and five-year rolling returns of Nifty 50 TRI and Nifty Mid-Cap 150 TRI, we see that Nifty Mid-Cap 150 TRI outperforms Nifty 50 TRI in all three periods. However, one thing to keep in mind is that the risk for Nifty Mid-Cap 150 TRI is higher than for Nifty 50 TRI.
As shown in the graph above, mid-caps outperform large-caps. Surprisingly, when we invest for a longer time horizon, the disparity between their median rolling returns grows. However, when we examine the median one-year, three-year, and five-year rolling returns of quality midcaps, they are 18 per cent, 18.1 per cent, and 19.4 per cent, respectively. The Nifty Mid-Cap 150 Quality 50 TRI has been deemed to be its representation. Now, these returns outperform the Nifty Mid-Cap 150 TRI and the Nifty 50 TRI by a wide margin across all timeframes. As a result, investing in quality mid-cap stocks makes far more sense.
As a result, we've compiled a list of the top ten excellent mid-cap companies to explore.
Trailing Returns (%)
|
1-Year
|
3-Year
|
5-Year
|
10-Year
|
Tata Elxsi Ltd.
|
166.39
|
103.75
|
59.10
|
52.05
|
Page Industries Ltd.
|
39.76
|
21.57
|
24.44
|
31.84
|
Crompton Greaves Consumer Electricals Ltd.
|
-1.33
|
23.46
|
15.18
|
-
|
ICICI Securities Ltd.
|
82.38
|
56.71
|
-
|
-
|
MindTree Ltd.
|
133.19
|
64.90
|
54.27
|
42.76
|
Bharat Electronics Ltd.
|
46.47
|
36.18
|
7.28
|
15.75
|
Astral Ltd.
|
38.88
|
47.05
|
50.93
|
58.63
|
Mphasis Ltd.
|
86.52
|
44.43
|
40.33
|
23.47
|
Supreme Industries Ltd.
|
5.61
|
26.45
|
15.40
|
27.31
|
Voltas Ltd.
|
13.67
|
32.16
|
29.07
|
28.40
|