Mid-cap companies are known to be in their growth phase and thus have the potential to deliver exceptional returns to the investor. The risk in these types of stocks is lower and the liquidity is higher compared to small-cap stocks.
Here are two mid-cap stocks that are recommended by analysts for an upside of up to 51%:
SJVN Ltd
The shares of SJVN Ltd were trading marginally lower at Rs 32 levels in the early hours on Friday. The stock price has increased by almost 16% during the last month. In a year, the stock has delivered a 20.7 per cent return to its investors.
The company has recently expressed its interest in developing a 5,000 MW renewable energy project in Punjab. The projects will be through solar projects, canal top solar projects, and floating solar projects across the state
CLSA is bullish on the Hydropower sector and has Initiated a coverage with ‘Buy’ on SJVN with a target price of Rs 42 per share which represents an upside of 32% from the current levels.
In Q1FY23, the company reported total revenue of Rs 1,004 crores as compared to Rs 662 crores which they earned in the same period a year ago. Their net profit in the period stood at Rs 608 crores up from Rs 341 crores in Q1FY22.
Satluj Jal Vidyut Nigam, better known as SJVN, is an Indian public sector undertaking involved in hydroelectric power generation and transmission. The market capitalization of the company is Rs 12,830 crores.
PB Fintech Ltd
The shares of the company were trading lower by 1.5 per cent at Rs 498 levels on Friday morning. In the past six months, the stock has shed more than 30 per cent and in a year it has declined by approximately 58 per cent.
The new age fintech company disclosed plans to invest Rs 250 crore in Paisabazaar Marketing And Consulting and Rs 650 crore in Policybazaar Insurance Brokers, two of its subsidiaries.
Citigroup maintained a ‘Buy’ rating on PB Fintech with a target price of Rs 750 which translates into an upside of 51% from the current levels.
The company generated total revenue of Rs 28 crores in Q1FY23 as opposed to Rs 22crores during the same time last year. Their net losses for the quarter widened to Rs 58 crores as compared to Rs 39 crores in Q1FY22.
PB Fintech Ltd, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products through which they provide convenient access to insurance, credit, and other financial products. The market capitalization of the company is Rs 18,334 crores.
Written by Anoushka Roy
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