Mid Cap regains their mojo, in a month the top 10 mid cap stocks rise 30% - 75%
After a long-lasting performance, midcap stocks are returning to track. Apparently there is no stopping for mid cap space in the last few weeks. The BSE Midcap index has gained over 9% in the last three weeks. The index has gained 9.6% over the past month beating the benchmark Large Cap Index. The BSE Sensex has risen about 3% in the last one month during the same period. The top 10 mid-cap stocks on the index have risen from 30% to 77% in the past month.
Varroc Engineering, a global automated component manufacturer and supplier, which has risen by over 76% in the past month is the top performer in the mid space. In the last three months, the stock has jumped by 169%.
In the last one-month period, 82 companies in BSE MidCap Index have noticed positive moments in their share price. The index has a total of 101 securities.
Below is the list of top 10 mid cap performers in the past month:
Varroc Engineering 76.4%
DIVIS Laboratories 42.3%
Shriram City Union 41.4%
Adani Enterprises 39.5%
PNB Housing Finance 35.8%
Tata Consumer Products 33.2%
Hindustan Aeronautics 32.4%
Aditya Birla Fashion & Retail 30.5%
The BSE Midcap index has risen by 33% in the last three months and by 11% in the last one year, but according to analysts, it should be cautious in the near term.
Samit Chavan, chief analyst-technical and derivatives, Angel Broking said, "There is no restriction to the mid-cap space and especially the way these stocks have flown in the last three weeks. When the mid-cap rally starts, it usually creates an anxious situation and it is clear As we have been experiencing for some time. " day. No one knows when and where to stop and at the same time, it is not difficult to participate.The overall structure remains strong; But we believe that sooner or later, there is likely to be some improvement in the market, which will happen. Healthy in the long run. In the last five months, forget the recession, we did not even alert and used all the dips to get into the market. But looking at some of the comments now, we do not want to maintain a similar optimism in the pure sense. Short-term view."