Midcap stocks have room for further corrections: Jefferies
The Nifty MidCap 100 Index trades at 30.7x one-year forward earnings as compared to 19.7x for the Nifty
The Nifty MidCap 100 Index trades at 30.7x one-year forward earnings as compared to 19.7x for the Nifty
The stock touched a fresh all-time high today ahead of its board meeting on September 28 to consider fund raising plans.
The ticketing and catering arm of Indian Railways registered a 30.4% YoY rise in net profit at ₹279 crore, while revenue from operations jumped 39.6% YoY to ₹965 crore for Q4FY23.
This midcap share gained as much as 9.5% in intraday to hit a record high of ₹2,868 on the NSE today.
₹1 lakh invested in this midcap stock five years back, is worth ₹14.6 lakh today.
This midcap stock saw its shares surging from ₹100.8 on January 20, 2017, to ₹2,672 in intraday trade today, delivering 2,521% returns to its shareholders.
If a person had invested ₹10 lakh in this multibagger stock on January 11, 2021, it would have become ₹41.5 lakh at present. The stock has been placed under long term ASM stage 4 category on the BSE.
This Tata group company saw its shares jump more than 2,000% in the calendar year 2021, compared to 19.5% growth in the BSE Sensex.