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Do you own these buzzing midcaps?
Midcaps have been in focus for the last month, CNBC-TV18's Anichya Shah reports. The CNX Midcap Index has given returns of about 14% since November, 23% since October, and about 40% since September. Most domestic fund houses have been picking up midcap stocks during dips and rallies.
Midcaps have been in focus for the last month, CNBC-TV18's Anichya Shah reports. The CNX Midcap Index has given returns of about 14% since November, 23% since October, and about 40% since September. Most domestic fund houses have been picking up midcap stocks during dips and rallies. A few stocks are not constantly in the limelight but have been steadily outperforming the Midcap Index and Sensex. These stocks are what most domestic fund houses have been buying.
Reliance Capital acquired 7.3 lakh shares in Inox Leisure on December 3, he said. The stock has already given about 13% returns in four days. It also picked up 5.9% stake in Orient Hotels on November 19. That has given 21% returns in three-weeks. Sundaram Finance and Reliance Capital bought 3 lakh shares on October 30. It has given returns of about 20% in five-weeks. PTC India , another Reliance Capital buy on October 11, has given a whopping 71% returns in the last two-months.
Birla Sun Life bought Eveready Industries on November 16, Shah said. It has given 22% returns in three-weeks and is constantly appreciating everyday. Arvind Mills has been in focus. It has given returns of about 19% in nine-weeks. Birla Mutual Fund purchased this stock on October 3.
Ion Exchange is not really in the limelight but has given 14% returns in the last one-week, he said. ICICI Pru Life bought into this counter on November 30. ICICI Pru Life bought about 13 lakh shares of Firstsource Solutions on November 27. It has given 5% returns and this stock is looking pretty strong.
Sundaram BNP bought about 2.2 lakh shares of Kirloskar Electric on September 3, Shah said. It has given 56% returns in three-months. Franklin Templeton has bought McNAlly Bharat on September 3. In a span of three-months, it is given about 43% returns.
So, these stocks have been giving steady returns over the last two-three months although not in the limelight. Shah feels these could be good bets to watch out for.
Midcaps have been in focus for the last month, CNBC-TV18's Anichya Shah reports. The 
