Previously, we’ve covered best picks small-cap stocks of 2019. In today’s topic, the center point will be on Best Mid Cap Stocks to Invest in 2019. Analysts feel that in this year earnings will be the driving factor for the Indian market. There is a high probability of mid-cap stocks outperforming the large-caps in 2019.
Types of Stocks fall under Mid-Cap
Under the market capitalization category, the companies which have market cap more than 13000 Cr but less than 75000 Cr, fall under the mid-cap category. Top 101 to 250 companies belong to the specific section. Though mid-cap companies carry a higher risk than large cap, the profit also higher here.
Mid Cap Stocks to Invest
- REC: The company is a Government-owned company which finances the various project in the power sector. The non-performing assets are under control. As per the report of Sept 30, 2018, the company’s EPS (earnings per share) was 8.98. In the year 2018, the company has declared a dividend of Rs. 9.15/share Because of the substantial dividend yield, if there is a sudden collapse in the market, the stock price would be protected.
- Karnataka Bank: When it comes to private sector banking stocks, Karnataka bank is one of the cheapest stocks. The share provides a good dividend yield of near 3%. As per the report, EPS (earnings per share) was Rs.15 in FY18. It is a decent mid-cap stock to bet in 2019. There is a possibility of short-term capital gain here.
Here is the list of other important mid-cap stocks:
The top 10 list of mid-cap stocks is taken from wikifinancepedia site. The list contains multiple companies with different sites. Each company carries stock price along with EPS, P/E, P/BV.
Another list of top mid-cap companies is given below. It also contains the same information as before, company names, industry names, stock price, EPS, P/E, P/BV.
According to the recommendation of Karvy stock broking, some best pick mid-cap stocks are given below:
- Bajaj Electricals
- Finolex Cables
- Jain Irrigation
- KPR Mill
- Relaxo Footwear
- Take Solutions etc
Kotak Institutional Equities recommends 15 mid-cap stocks which include Petronet, Shriram, Federal bank, Mindtree etc. The list is as follows:
The above data is taken from Moneycontrol site.
So, these are some of the best picks mid-cap stocks from the Indian stock market. Investors may take these recommendations to create a profitable portfolio.
Ankita is a graduate in English language and she has also done her MBA from the Calcutta University. She has a high knack in the stock markets. She is a NISM certified Research Analyst. An experienced stock market content writer Ankita is also trading successfully on her own account.