Mid-cap companies are known to be in a growth phase, which means they have the potential to provide exceptional returns to investors. The risk in these types of stocks is lower and the liquidity is higher compared to small-cap stocks.
Here are 4 Mid-cap stocks that have more than doubled investors’ money in just a year:
Mazagon Dock Shipbuilders Limited
On Tuesday afternoon the shares were trading marginally higher at Rs 884 levels. The shares of the company traded at Rs 257 levels in November last year and have since risen to the current levels logging a multibagger return of approximately 244 per cent in a year.
In a month, the stock has gained more than 40 per cent and in the past six months, the stock has zoomed by approximately 212 per cent.
Mazagon Dock Shipbuilders Limited, formerly called Mazagon Dock Limited, manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling.
Rail Vikas Nigam Limited
The shares of the railway company were trading at Rs 78 levels on Tuesday afternoon. A year ago it was trading at Rs 33 a piece, which means that it has delivered a multibagger return of 136 per cent as it is trading at the current levels.
In the span of a month, the stock has rallied significantly by more than 95 per cent while in six months, it has delivered a multibagger return of 142 per cent.
Rail Vikas Nigam Ltd is engaged in the business of implementing various types of Rail infrastructure projects including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units, and sharing of freight revenue with Railways.
Shree Renuka Sugars Limited
A year ago, the shares of Shree Renuka Sugars Limited were trading at Rs 25.35 a piece. On Tuesday, the shares were marginally up at Rs 58.57 levels, thereby logging a multibagger return of 132 per cent.
In a month, the stock has gained approximately 10 per cent and on a Year to Date (YTD) basis, the stock has zoomed by 94 per cent.
Shree Renuka Sugars Ltd. is India’s largest sugar refiner and ethanol producer with a refining capacity of 4000 tonnes/day and a distillery capacity of 600 kilolitres/day.
RHI Magnesita India Ltd
The shares of RHI Magnesita India Ltd were trading in red on Tuesday at Rs 775 levels. The stock has delivered a multibagger return of 132 per cent in a year as the price has increased from Rs 334 in November to the current levels.
In a month, the stock has gained approximately 20 per cent and so far this year it has logged a multibagger return of 110 per cent YTD.
RHI Magnesita India is the leading supplier of high-grade refractory products, systems, and solutions in India. The product of the companies used in industries such as steel, cement, non-ferrous metals, and glass.
Written by Anouska Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
