Best Midcap Stocks 2024 Best Midcap Stocks 2024

Best Midcap Stocks in 2024

Midcap stocks are the stocks of medium-sized companies. These are the companies whose market cap is between ₹5,000-20,000 Cr. Midcap stocks offer the benefit of growth potential and stable returns. In this article, we will discuss the best midcap stocks in India.

Best Midcap Stocks for 2024

Here is a brief overview of the best 10 midcap stocks for long term investors.

1. Crompton Greaves

Crompton Greaves is a consumer electrical company. The company majorly operates in two segments i.eElectrical Consumer Durables and Lighting. It is a leader in the fan segment in India.

2. Relaxo Footwears

Relaxo Footwears is mainly involved in the manufacturing and trading of footwear. It manufactures a varied range of footwear like sandals, sports shoes, casual shoes, slippers etc. Some of the popular brands of the company are Sparx, Relaxo, Bahamas, Flite etc.

3. Info Edge India Ltd

Info Edge Is one of the leading companies in India in the internet business. It offers online services in varied fields like recruitment, real estate, matrimony and education. Some of its popular brands are Shiksha, Naukri, 99acres, Jeevansathi etc.

4. Indian Hotels Company Ltd

Indian Hotels Company Ltd operates in the hospitality sector. It engaged in accommodation, restaurants, mobile food service etc. Jamshedji Tata founded the company in 1902.

Some of its popular brands are Taj, TajSATS, Vivanta, Ginger, SeleQtions etc. Indian Hotels Company Ltd is one of the best midcap stocks for long term.

5. Punjab National Bank

Punjab National Bank (PNB) is a PSU bank. PNB is quite popular among the people of India. It was established in 1895. The company has its headquarters in New Delhi.

PNB is the first bank founded and managed by Indians. It is one of the best-performing midcap stocks.

  • PNB share price as of April 2024: ₹135+
  • Market Cap: ₹148,759.00 Cr

6. Ashok Leyland

Ashok Leyland is an automobile company and is headquartered in Chennai. It is a part of the Hinduja group. The company has been ranked as the 34th best brand in India.

Ashok Leyland is mainly involved in the manufacturing of medium and heavy commercial vehicles, light commercial vehicles, power solution systems and vehicle spare parts.

  • Ashok Leyland Share Price as of April 2024: ₹170+
  • Market Cap: ₹50,769 Cr

7. Polycab India Ltd

Polycab India Ltd is mainly engaged in the manufacturing of wires and cables. The company has 25 manufacturing units spread in the states of Gujarat, Maharashtra, Uttarakhand and the Union territory of Daman. The company came into existence on 10th January 1996. It is one of the best performing midcap stocks.

8. Astral Ltd

Astral Ltd is engaged in the manufacturing and distribution of PVC pipes. It has been awarded as India’s Most Trusted Pipe Brand. The company came into existence on 25th March 1996 and has its headquarters in Ahmedabad city of Gujarat.

9. Tata Power

Tata Power is one of the biggest power generation companies in India. The company produces and distributes electricity in India through its various power plants. Tata Power established India’s first hydroelectric power station in the year 1915.

10. Bata India

Bata India is one of the most popular footwear manufacturers in India. The manufacturing facility of Bata in Konnagar is the first company in the shoe segment in India to receive ISO: 9001 certification. At present the company has 1375 retail stores in metros, mini-metros and towns.

You can invest in any of these stocks and explore much more about the market and different financial instruments on our platform.

Factors for investing in Midcap Stocks

1. Financials of the Company

It is advisable to check the financials of the mid cap company. Have a look at the company’s profitability, revenue growth, debt etc. You can refer to the company’s annual report for this.

2. Investment Goals

Consider your long-term goals. For long-term goals like retirement planning or child education, midcap stocks are a good investment as they give good returns in the long term.

3. Competitive Advantage

Competitive advantage is an important factor. Compare the midcap companies in a similar industry and see if it has any competitive advantage. Companies which have a competitive advantage have higher growth potential.

Conclusion

In this article, we have listed some of the best midcap stocks in India. Midcap stocks has the potential to give returns. These are companies in the expansion phase and have a good future.

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Disclaimer: This blog is not to be construed as investment advice. Trading and investing in the securities market carries risk. Please do your own due diligence or consult a trained financial professional before investing.