Amid fluctuating markets, a select group of midcap stocks has shown resilience, promising substantial returns in the forthcoming period. Five companies, namely, Allcargo Logistics, Kalyan Jewellers, Raymond, Surya Roshni, and V I P Industries, have displayed potential upside of up to 56%.
Allcargo Logistics: Ready for Liftoff
Allcargo Logistics has an average score of 9, up from 8 a month ago, with a strong buy recommendation from three analysts. The company’s upside potential is estimated at 65.9%, with a one-month return of 9.3%. The institutional stake in Allcargo Logistics is 9.7%, with a market cap of Rs 7,123 crore.
Kalyan Jewellers: The Midas Touch
Next in line is Kalyan Jewellers with an average score of 9, improving from the previous month’s 8, and a strong buy recommendation from six analysts. It boasts an upside potential of 50.5% and has a one-month return of 3.8%. With a market cap of Rs 11,027 crore, the institutional stake in the company is 29.2%.
Raymond: Tailored for Success
Raymond, with an impressive average score of 10 (up from 8 a month ago) and a strong buy recommendation from four analysts, has a potential upside of 37.2%. It yielded a one-month return of 4.5%. The company has an institutional stake of 12.4% and a market cap of Rs 10,378 crore.
Surya Roshni: Lighting Up the Markets
Surya Roshni, carrying an average score of 9 (increased from 8 a month prior) and a strong buy recommendation from two analysts, reveals a 33.2% upside potential and a one-month return of 7.4%. The company’s institutional stake stands at 0.9%, with a market cap of Rs 4,328 crore.
V I P Industries: Packed with Potential
Rounding out the list is V I P Industries, with an average score of 8, up from 6 a month ago, and a buy recommendation from nine analysts. The company’s upside potential is calculated at 30.4%, and it has a one-month return of 4.6%. The institutional stake in V I P Industries is 23.7%, with a market cap of Rs 8,842 crore.
Summary:
- Allcargo Logistics, Kalyan Jewellers, Raymond, Surya Roshni, and V I P Industries are the midcap stocks promising significant returns in a volatile market.
- The companies offer upside potential ranging from 30.4% to 65.9%.
- These midcap stocks have received strong buy recommendations from several analysts.
