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15 midcaps that have gained up to 400 percent in 2017; can they still deliver?
Updated on 1 Oct 2017
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15 midcaps that have gained up to 400 percent in 2017; can they still deliver?
Please note - The returns are calculated till 21 Sept,2017. These stocks can be good pick now as Sensex have corrected around 1200 points during 19 Sept 2017 to 26 Sept 2017.
The BSE Midcap index has risen some 33 per cent so far this year with 15 stocks across sectors surging between 100 per cent and 520 per cent. BSE benchmark Sensex is up 22 per cent in the same period.

Among the top gainers, graphite players HEG and Graphite India have soared 522 per cent and 409 per cent, respectively, to Rs 945 and Rs 371 as of September 19 from Rs 152 and Rs 72.95 on January 2, 2017. Both are large graphite electrode (GE) manufacturers. And then, there are textile player Bombay Dyeing, steel firm Jindal Stainless and retailer Future Enterprises, whose share have risen 296 per cent, 214 per cent and 206 per cent, respectively, year to date.

HEG’s earnings growth to improve further, as it factors in the lag effect of higher GE prices.

For the quarter ended June 30, 2017, HEG reported a net loss of Rs 8.43 crore against a net loss of Rs 28.97 crore reported for the corresponding quarter last year. Net sales for the quarter rose 23.57 per cent year-on-year to Rs 205.36 crore.

Stocks like Tamil Nadu Petro Products (up 185 per cent), Himachal Futuristic Communications (up 166 per cent), Sterlite Technologies (up 144 per cent), Asahi India Glass (up 132 per cent) and Sintex Industries (up 127 per cent) have doubled investor wealth in 2017.

Four other stocks - KEC International, India Nippon Electricals, ITI, Chambal Fertilizers and Escorts - have surged between 100 per cent and 125 per cent.

KEC International (KECI), a global leader in power transmission and distribution, has diversified its EPC presence by foraying into high-growth verticals such as railways, solar, civil and cables. Its legacy strength in T&D along with government thrust on transmission, railways and solar energy should create a plethora of opportunities over the next few years, say analysts.

Himachal Futuristic Communications (HFCL) is another name doing the rounds. Boston-based fund manager GMO recently bought a 1.5 per cent stake in the company. Analysts say the company’s balance sheet has improved significantly over the past four years, but the stock may have since become costly.