All the five companies are mid cap (market capitalisation between Rs 1000 crore and Rs 10,000 crore) and have superior fundamentals (ROCE and ROE consistently above 15% for the past 3 years). Barring one, the remaining four have underperformed the markets’ rally in the past six months.
Firstcall Research is bullish on Balmer Lawrie and has recommended buy rating on the stock with a target of Rs 677 in its March 26, 2013 research report.