Dec 27 2023, 05:33
5 midcap stocks from different sectors with upside of up to 38%:
the short term, liquidity, narrative do impact the stock prices, but that is one needs to be cautious. So while there is nothing wrong in being bullish given the fact that policy continuity is the next theme on the street. However, just keep your head on your shoulder while being bullish. While at this point of time, there are many reasons to be bullish.
In bullish times there is just one reason to be cautious and that is valuations. At a time when stocks of companies which are under insolvency and where the bottomline has been in red for ages are flying as if there is no tomorrow. So while being bullish don't forget the fact that at the end of the day, fundamental matters and especially when one is looking to take exposure in mid-cap stocks, have more checks and balances by putting more filters.
The reason a large number of midcap stocks have been moving up is because of extremely high flows to equity markets, both from domestic and international investors. One would have to review conditions at regular intervals as valuations are extremely high.
We look at 5 mid cap stocks which have moved up in the last month, where an increase in price, even as minor as one percent, has been accompanied by a rising SR Plus score. Below is the list containing mid cap stocks which in the past 1 month gave positive stock returns; had their latest average SR+ score improve by at least 1 point month on month, had a positive Upside Potential and a rating of "Strong Buy" or "Buy" or a "Hold".
with sco improvement Cap Month on Month
Upside Potential - Dec 26, 2023
Company EIH Ltd
Name
Latest
8
Avg
Score
Avg Score
7
1M ago
Reco
Buy
Analyst
2
Count
Upside 38,5 Potential %
1M Return%
0.3
Inst Stake%
16.7
Market Cap Rs
14,846
Cr
Company Birla Corp Name
Latest Avg Score
4
Avg Score 1M ago
3
Reco
Strong Buy
Analyst 17 Count
• Upside 37.9
Potential
1M Return%
8.7
Inst Stake%
20.1
Market Cap Rs
10,893
Cr
Company Name
TeamLease Services
Latest Avg Score
8
Avg Score 1M ago
6
Reco
Buy
Analyst Count
11
• Upside 37.7
Potential
1M Return%
12.0
Inst
59.5
Stake%
Market
4,877
Cap Rs Cr
Company
Suprajit Engg
Name
Latest Avg Score
6
Avg Score 1M ago
Reco
4
Buy
Analyst 8 Count
Upside 31.6 Potential
% 1M
Return%
0.1
Inst Stake%
18.9
Market Cap Rs
5,131
Cr
Company Aegis Logistics
Name
Latest
8
Avg
Score
Avg
7
Score 1M ago
Buy
Reco
Analyst
Count
5
• Upside 26.9 Potential
1M Return%
Inst
Stake%
10.7
17.1
Market 12,766 Cap Rs
source :et
Dec 27 2023, 07:32