Hi there! Welcome to Gift-Nifty, where you can explore the best Midcap Stocks in 2024. As the business world changes, midcap stocks become more appealing to people who want to make money and see their money grow without having to deal with the extreme volatility that comes with smaller-cap companies. In this article, we will discuss the best midcap stocks in India.
What is Midcap Stocks
The stocks of medium-sized businesses are called midcap stocks. Businesses with a market value of ₹5,000 to 20,000 Cr are listed below. The good things about midcap stocks are that they can grow and give stable results.
Best Midcap Stocks for 2024
Let’s take a quick look at the top 10 midcap stocks for long-term buyers.
Crompton Greaves
Crompton Greaves is an electrical goods company for people. Electrical Consumer Durables and Lighting are the two main areas where the company works. It is the market leader in India for fans.
The price of a Crompton Greaves share in April 2024 was ₹280 or more.
Value of the market: ₹18045.60 Cr
Relaxo Footwears
There are two major things that Relaxo Footwear does: making and selling shoes. It makes many kinds of shoes, including boots, sports shoes, casual shoes, slippers, and more. Sparx, Relaxo, Bahamas, Flite, and other well-known brands are made by this business.
As of April 2024, a share of Relaxo Footwear costs ₹840 or more.
Value of the market: ₹20966.80 Cr
Info Edge India Ltd
In India, Info Edge is one of the best companies in the internet business. It provides online services in many areas, including job search, real estate, marriage, and schooling. It has well-known names like Shiksha, Naukri, 99acres, Jeevansathi, and more.
As of April 2024, Info Edge shares were worth ₹5,600 or more.
Value of the Market: ₹72,801.20 Cr
Indian Hotels Company Ltd
Indian Hotels Company Ltd works in the hotel and restaurant business. It ran hotels, restaurants, a food delivery service on wheels, and other businesses. A man named Jamshedji Tata started the business in 1902.
It has well-known names like Taj, TajSATS, Vivanta, Ginger, SeleQtions, and more. For the long term, Indian Hotels Company Ltd is one of the best midcap stocks.
With a market value of ₹87,996.60 Cr, Indian Hotels shares are worth more than ₹600 each in April 2024.
Punjab National Bank
The Punjab National Bank (PNB) is a government-run bank. A lot of people in India use and like PNB. It has been around since 1895. The main office of the business is in New Delhi.
PNB was the first bank in India to be started and run by Indians. It is one of the midcap stocks that has done the best.
The price of a PNB share in April 2024 was ₹135 or more.
Value of the market: ₹148,759.00 Cr
Ashok Leyland
Ashok Leyland is a car company with its main office in Chennai. It’s part of the Hinduja group. The 34th best name in India is this company.
Ashok Leyland’s main business is making medium and heavy industrial vehicles, light commercial vehicles, power solution systems, and spare parts for vehicles.
The price of an Ashok Leyland share in April 2024 was ₹170 or more.
Value of the market: ₹50,769 Cr
Polycab India Ltd
The main thing that Polycab India Ltd does is make wires and connections. The company has 25 factories in Gujarat, Maharashtra, Uttarakhand, and the Union Territory of Daman. The business was formed on January 10, 1996. It is one of the midcap stocks that has done the best.
The share price for Polycab India in April 2024 was ₹5,100 or more.
Value of the market: ₹78,444.40 Cr
Astral Ltd
Production and sale of PVC pipes are what Astral Ltd does. India’s Most Trusted Pipe Brand has been given to it. The business was founded on March 25, 1996, and its main office is in Ahmedabad, Gujarat.
The price of an Astral Ltd share in April 2024 was over ₹2,000.
Value of the market: ₹55,405,70 Cr
Tata Power
Tata Power is one of India’s biggest companies that makes electricity. Through its many power plants, the company makes and sends energy all over India. The first hydroelectric power station in India was built by Tata Power in 1915.
As of April 2024, a Tata Power share was worth ₹400 or more.
Value of the market: ₹132,335.00 Cr
Bata India
Bata India is one of India’s best-known shoe companies. India’s first shoe company, Bata, got ISO: 9001 approval for its factory in Konnagar. The company currently has 1375 shops in cities, towns, and mini-cities.
The market value of Bata India shares as of April 2024: ₹17,633.30 Cr
Why you should invest in midcap stocks
There are several strong reasons to think about buying midcap stocks:
Financials of the Company
The financials of the mid-cap company should be looked at. Check out the company’s debt, how profitable it is, how fast its sales are growing, etc. This can be found in the company’s yearly report.
Investment Goals
Think about your long-term plans. If you want to save money for long-term goals like retirement or your child’s college, midcap stocks are a good choice because they earn good returns over time.
Competitive Advantage
Having a competitive edge is important. Check to see if it has any advantages over other midcap companies in the same business. Businesses that have an edge over their competitors have a better chance of growing.
Also Read: Best 10 Healthcare Stocks To Investment
Conclusion
In conclusion, buying midcap stocks is a unique way to get growth and security in a business world that is always changing. The midcap stocks we’ve talked about, like Crompton Greaves, Relaxo Footwear, Info Edge India, and others, are likely to give good results in 2024. These businesses, which make everything from electronics to shoes, internet services, hotels, banks, car companies, and energy, show how diverse and exciting the midcap sector can be.
You can take advantage of the growth potential of well-known but still-growing companies by carefully choosing and investing in these stocks. This will make your investment account strong and full of opportunities. Thanks for coming along as we look at the best midcap stocks in India for 2024. Have fun buying!
FAQs
What are midcap stocks?
Shares of mid-sized businesses are called midcap stocks. These businesses are worth around ₹5,000 crore to ₹20,000 crore on the stock market. They give you a good mix of growth possibility and stability.
Why should I invest in midcap stocks?
People invest in midcap stocks because they have room to grow without being as volatile as smaller-cap stocks. They come from well-known businesses that still have room to grow.
How do I buy midcap stocks?
An investment firm can help you buy mid-cap stocks. Find out more about the stocks you want to buy, and then use your broker’s tool to place an order.
Are midcap stocks risky?
There is some risk with every purchase, but midcap stocks are usually safer than small-cap stocks but riskier than large-cap stocks. Their goal is to find a balance between growth possibility and stability.
Can I invest in midcap stocks for the long term?
Mid-cap stocks can be a good long-term investment, yes. These kinds of businesses usually have a lot of room to grow and can give good returns over time.