Investing in mid-cap stocks offers a strategic balance between growth and stability for your portfolio. With market capitalizations ranging from Rs. 27,600 crore to Rs. 84,300 crore, these companies present strong growth potential while typically experiencing lower volatility than small-cap stocks. Mid-caps are well-positioned to deliver substantial returns, particularly during economic recoveries, and contribute valuable diversification benefits to an investment strategy.
Amid a volatile market, mid-cap stocks are currently trading at discounts of up to 42 percent, presenting an intriguing opportunity for investors.
Following are a few mid-cap stocks trading at a discount of up to 42 percent to keep in your watchlist:
Dixon Technologies (India) Limited
With a market cap of Rs. 79,971 crores, the stock surged nearly 2.4 percent on Wednesday. The stock hit its 52-week high at Rs. 19,149.8 on 17th December 2024, and compared to Wednesday’s closing price of Rs. 13,276.15, the stock is trading at a discount of nearly 31 percent.
In Q3 FY25, the company’s revenue from operations increased by around 117 percent YoY to Rs. 10,454 crores, while the net profit grew by nearly 123 percent YoY to Rs. 216 crores.
Dixon Technologies is primarily involved in the manufacturing of electronic goods such as consumer durables, home appliances, lighting products, mobile phones, refrigerators, telecom products, hearables & wearables, and security devices.
Cummins India Limited
With a market cap of Rs. 77,003.4 crores, the stock surged nearly 2 percent on Wednesday. The stock hit its 52-week high at Rs. 4,169.5 on 25th June 2024, and compared to Wednesday’s closing price of Rs. 2,777.9, the stock is trading at a discount of nearly 33 percent.
In Q3 FY25, CIL’s revenue from operations increased by around 22 percent YoY to Rs. 3,086 crores, while the net profit grew by nearly 13 percent YoY to Rs. 514 crores.
Cummins India Limited is engaged in the business of manufacturing, trading and selling engines and allied activities.
Kaynes Technology India Limited
With a market cap of Rs. 31,010 crores, the stock surged nearly 1.4 percent on Wednesday. The stock hit its 52-week high at Rs. 7,824.95 on 1st January 2025, and compared to Wednesday’s closing price of Rs. 4,844.35, the stock is trading at a discount of nearly 38 percent.
In Q3 FY25, the company’s revenue from operations increased by around 30 percent YoY to Rs. 661 crores, while the net profit grew by nearly 47 percent YoY to Rs. 66 crores.
Kaynes Technology India Limited is primarily engaged in the design and manufacturing of advanced electronic modules and solutions catering to a wide range of industries. It is well-positioned to benefit from growth in ESDM, semiconductor, and PCB markets.
Premier Energies Limited
With a market cap of Rs. 38,388 crores, the stock surged nearly 2 percent on Wednesday. The stock hit its 52-week high at Rs. 1,387.1 on 17th December 2024, and compared to Wednesday’s closing price of Rs. 851.6, the stock is trading at a discount of nearly 39 percent.
In Q3 FY25, the company’s revenue from operations increased by around 140.6 percent YoY to Rs. 1,713 crores, while the net profit grew by nearly 493 percent YoY to Rs. 255 crores.
Premier Energies Limited specializes in manufacturing integrated solar cells and solar panels, and its product portfolio includes solar cells, solar modules, monofacial and bifacial modules, as well as EPC and O&M solutions.
Godrej Properties Limited
With a market cap of Rs. 59,447.8 crores, the stock surged nearly 3.3 percent on Wednesday. The stock hit its 52-week high at Rs. 3,400 on 16th July 2024, and compared to Wednesday’s closing price of Rs. 1,973.8, the stock is trading at a discount of nearly 42 percent.
In Q3 FY25, the company’s revenue from operations increased by around 194 percent YoY to Rs. 969 crores, while the net profit grew by nearly 151 percent YoY to Rs. 158 crores.
Godrej Properties Limited, a real estate development arm of the Godrej Group, is engaged primarily in the business of real estate construction, development and other related activities.
Waaree Energies Limited
With a market cap of Rs. 61,672.5 crores, the shares of India’s leading renewable energy company surged nearly 2.2 percent on Wednesday. The stock hit its 52-week high at Rs. 3,740.75 on 6th November 2024, and compared to Wednesday’s closing price of Rs. 2,146.75, the stock is trading at a discount of nearly 43 percent.
In Q3 FY25, the company’s revenue from operations increased by around 117 percent YoY to Rs. 3,457 crores, while the net profit grew by nearly 259.6 percent YoY to Rs. 507 crores.
Established in 1990, Waaree Energies Limited is engaged in the business of offering innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems.
The company has a wide product portfolio of solar energy products that consists of Multicrystalline & Monocrystalline modules, and TopCon modules including flexible bifacial modules and building-integrated photovoltaic (BIPV) modules.
Written by Shivani Singh
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