Top 5 mid cap stocks giving highest returns in 2019
After the unfavourable fall in the share market in 2018, the start of 2019 was mixed. The first two months witnessed low movement on the benchmark index S&P BSE Sensex. However, major traction was seen from the end of February which bought recovery, especially in small and mid-cap stocks. BSE Sensex on January 1, 2019, stood at 36,254.57, which surged to 38,164.61 as on March 22, 2019.
We analysed companies having a market cap between Rs. 1,000-5,000 crore. Following are the top 5 companies which have given the highest returns since the beginning of 2019.
* For the period : Jan. 01 to Mar. 22, 2019
Mishtann Foods is engaged in the manufacturing and processing of all kinds of foods. For the last five quarters, it has been posting good numbers with a consistent uptrend in profits. On January 1, it was trading at Rs. 25.80 per share, which jumped by 123 per cent to Rs. 57.50 as on March 22. It is trading at a very high valuation.
Seamec is engaged in operations of multi-support vessels for underwater / sub-sea engineering services to rescue operations and fire-fighting. Shares of Seamec have surged by 102 per cent from Rs. 206.50 as on January 1 to Rs. 417.40 on March 22. In December quarter of FY19, it delivered robust growth in revenue and PAT leading to traction in the stock price.
Satin Creditcare, an NBFC company, managed to give returns of 53 per cent. The company's stock price moved from Rs. 242.75 to Rs. 370.40 per share, on BSE. In the December quarter, the company’s net profit soared by 51 per cent YoY.
Solara Active Pharma Science is a pharmaceutical company manufacturing customer-oriented API. In February 2019, TPG Growth, a capital investment arm of US-based private equity giant TPG, announced an investment of US$ 30 million in the company. The share price of Solara Active has surged by 44 per cent from Rs. 309.75 to Rs. 446.25.
Praj Industries is a company providing sustainable solutions for bioenergy, high purity water, critical process equipment, breweries and industrial wastewater treatment. It's stock price was up by 37 per cent from Rs. 110.75 to Rs. 151.40 per share, led by robust numbers delivered in the December quarter of FY19.