Midcap stocks fall between large cap and small cap category, they are the companies which are listed from 101st- 250th in the Nifty Index.
Midcap stocks are perfectly balanced because they have more growth potential compared to large caps and moderate risk compared to small caps. So, here are the fundamentally strong mid cap stocks which can provide high growth at moderate risks.
APL Apollo Tubes Ltd:
APL Apollo Tubes Limited (APL Apollo) is a prominent steel product manufacturer in India with its headquarters located in the Delhi National Capital Region (NCR). The company operates ten manufacturing facilities, producing a wide range of steel products.
On 27th October shares of APL Apollo Tubes Ltd closed at Rs. 1,624.90 per share and has given 50.73 percent returns in the last 1 year. The company has market capitalization of 44,266 crores with return on capital employed (ROCE) of 26.88 percent and return on equity (ROE) of 23.51 percent.
Persistent System Ltd:
Persistent Systems offers software engineering and strategic services aimed at assisting enterprises in the implementation and modernization of their operations.
The company possesses its own software and frameworks that come equipped with pre-built integration and acceleration features. Additionally, Persistent Systems has established partnerships with industry leaders like Salesforce and AWS.
On 27th October shares of Persistent Systems Ltd closed at Rs. 6,073 per share and have given 67.69 percent returns in the last 1 year.
The company has market capitalization of Rs. 45,135 crores with return on capital employed (ROCE) of 31.44 percent and return on equity (ROE) of 26.36 percent.
Solar Industries Ltd:
Solar Industries is a global leader in the production of bulk explosives, packaged explosives, and initiating systems. These products have various applications in industries such as mining, infrastructure development, and construction.
On 27th October shares of Solar Industries Ltd closed at Rs. 5,238 per share and has given 34.11 percent return in the last 1 year.
The company has market capitalization of Rs. 47,69 crores with return on capital employed (ROCE) of 36.34 percent and return on equity (ROE) of 35.86 percent.
Written by: Vinit Israni
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