Best performing 8 mid-cap stocks of first half of FY 2017-2018

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Published: September 29, 2017 5:54:57 PM

We take a look at eight stocks which have overtly outperformed the benchmark indices -- Sensex and Nifty -- in the first half of FY 2017-2018 and have returned at least 30%.

National Stock Exchange building. (Wikimedia Commons)

Indian stock markets have been on an up move since January this year despite few slumps and bumps recently. Yet, the performance of the key equity indices — Sensex and Nifty — has been relatively overwhelming as compared to previous few years. Sensex and Nifty have returned about 17-19% so far in this year and 5-6% in the first half of the financial year 2017-2018. We take a look at eight stocks which have overtly outperformed the benchmark indices in the first half of FY 2017-2018 and have returned at least 30%.

L&T Finance Holdings: Shares of the financial services arm of Larsen & Toubro Group has jumped over 70% in the last six months. The non-banking finance company L&T Finance Holdings posted a 49% increase in net profit to Rs 309 crore for the first quarter ended 30 June 2017. The stock of L&T Finance Holdings had risen 73.25% to Rs 195.1 in the first half of the financial year 2017-2018.

PC Jeweller: Shares of this jewellery company have advanced over 58% to Rs 330.8 over the period of last six months on NSE. PC Jeweller first started its first showroom in 2005 in New Delhi and today have a 79 showrooms across 62 cities and 18 states. PC Jeweller has announced a bonus that share issue in the ratio of 1:1 which was immediately effective from 6 July 2017. The jewellery maker has reported a 27.42% jump in the first quarter net profit to Rs 135.82 crore in the quarter ended June 2017 versus Rs 106.59 crore during the same quarter previous fiscal.

Tata Global Beverage:  Shares of Tata Global Beverages have zoomed over 30% in the first half of the financial year 2017-2018. The stock of non-alcoholic beverages company had returned 36.7% to Rs 205.8 on NSE. Earlier in August, Tata Global Beverages reported a rise of 13.2% in the net profit in the April-June quarter to Rs 142 crore.

Other mid-cap stocks which also outperformed Sensex and Nifty and gained at least 30% in the last six months include, TVS Motor up 52% to Rs 657.05; Indraprastha Gas up 44% to Rs 1,471.9; Muthoot Finance up 35% to Rs 474.9; Divis Lab up 35% to Rs 855.75; Dalmia Bharat up 32% to Rs 2,568.85 on NSE.

Meanwhile, on Friday, Sensex ended flat while GAIL helped Nifty to finish on a positive note. The benchmark indices traded higher till the late afternoon trade but pared gains to close with minimal upside today. BSE Sensex settled flat at 31,283.72 points while NSE Nifty ended 20 points higher at 9,788.6 points helped by the surge in shares of GAIL. The 30-share barometer Sensex rose 241 points to hit the day’s high of 31,523.87 points while the broader Nifty 50 jumped 85 points to mark the day’s high at 9,854 points in the intraday trade today.

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