Mid-cap stocks are shares of companies with market capitalizations or valuations in the range of Rs 16800 crores to Rs 48900 crores. Companies and stocks that are in the middle of the large-cap and small-cap categories are referred to as “mid-cap.”
Here are three stocks with high returns in 2023.
BSE Ltd
BSE Limited is a stock exchange based in India. The Company offers a transparent trading environment for equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, and stock lending and borrowing.
On Thursday the share price opened 0.4 percent up to Rs 2,277 per share from its previous close of Rs 2,266.80 per share. BSE Ltd has a market capitalization of Rs 31,020 crores.
The mid-cap company’s share price increased 272 percent in the last six months and 312 percent year to date. For instance, if an investor invested Rs 1 Lakhs year to date the current value would be Rs 4.12 lakhs.
The company has a low price-to-earnings ratio of 44 compared to its peer company, also debt to equity ratio of zero with a return on equity ratio of 6 percent, a return on capital employed of 9 percent, and a net profit margin of 23 percent.
Looking at the company’s financial statements, operating revenues rose 54 percent from Rs 234 crore in Q2FY23 to Rs 362 crore in Q2FY24, Furthermore, net profit increased 306 percent from Rs 29 crore to Rs 118 crore during the same period.
Apar Industries Ltd
Apar Industries Limited (Apar) manufactures and sells conductors, cables, specialty oils, polymers, and lubricants. Conductor, Transformer, and Specialty Oils, as well as Power/Telecom Cables, are the business segments of the company.
Apar Industries Ltd’s share price opened 1.6 percent up on Thursday, at Rs 5,864, from its previous close of Rs 5,796.35. The company has a market capitalization of Rs 23,210 crores.
Over the past six months, the mid-cap company’s share price has increased by 73 percent, and so far this year, it has increased by 216 percent. For instance, if an investor invested Rs 1 Lakhs year to date the current value would be Rs 3.16 Lakhs.
In comparison to its peer company, the company exhibits a low price-to-earnings ratio of 28, a low debt-to-equity ratio of 0.14, a return on equity of 32 percent, and a return on capital employed of 52 percent.
According to the company’s financial statements, the operating revenues rose 21 percent from Rs 3,235 crore in Q2FY23 to Rs 3,926 crores in Q2FY24, Additionally, net profit increased 68 percent from Rs 103 crore to Rs 174 crore during the same period.
NLC India Ltd
NLC India Limited is an India-based company that is engaged in the business of mining lignite, coal, and generation of power by using lignite as well as renewable energy sources and consultancy. The Company’s segments include Mining and Power generation.
On Wednesday the share price opened 1.18 percent up to Rs 254.30 per share from its previous close of Rs 251.65 per share. NLC India Ltd has a market capitalization of Rs 34,170 crores.
The share price of the mid-cap company rose 142 percent in the last six months and 185 percent in the year to date. For instance, if an investor invested Rs 1 Lakhs year to date the current value would be Rs 2.85 Lakhs.
When compared to its peers, the company has a low price-to-earnings ratio of 18, a return on equity of 9.7 percent, a return on capital employed of 8 percent, and a good current ratio of 1.
NLC India Ltd’s financial shows, their operating revenues fell by 14.6 percent from Rs 3,489 crore in Q1FY24 to Rs 2,978 crore in Q2FY24, while net profit increased 160 percent during the same period, from Rs 417 crore to Rs 1,086 crore.
Written by Sriram KV
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