Here are the top performing Indian midcaps as of May 18, 2023:
- PB Fintech (Policybazaar)
- Polycab India
- Cummins India
- Power Finance Corporation
- Voltas
- Samvardhana Motherson International
- L&T Technology Services
- Jubilant Foodworks
- Adani Enterprises
- Dr Reddy’s Laboratories
These stocks have all outperformed the broader market in recent months, and they are seen as being well-positioned for continued growth in the coming years.
PB Fintech is an online insurance marketplace that has been growing rapidly in recent years. The company has benefited from the increasing penetration of the internet in India and the growing demand for online insurance products.
Polycab India is a leading manufacturer of wires and cables in India. The company has benefited from the strong growth in the construction and infrastructure sectors in India.
Cummins India is a leading manufacturer of diesel engines in India. The company has benefited from the strong growth in the commercial vehicle and power sectors in India.
Power Finance Corporation is a public sector company that finances power projects in India. The company has benefited from the strong growth in the power sector in India.
Voltas is a leading manufacturer of air conditioners and refrigerators in India. The company has benefited from the increasing demand for air conditioners and refrigerators in India.
Samvardhana Motherson International is a leading supplier of auto components in India. The company has benefited from the strong growth in the automotive sector in India.
L&T Technology Services is a leading provider of engineering and IT services in India. The company has benefited from the growing demand for engineering and IT services in India.
Jubilant Foodworks is a leading restaurant chain operator in India. The company has benefited from the increasing popularity of organized retail in India.
Adani Enterprises is a diversified conglomerate that has interests in the power, coal, and infrastructure sectors. The company has benefited from the strong growth in the infrastructure sector in India.
Dr Reddy’s Laboratories is a leading pharmaceutical company in India. The company has benefited from the increasing demand for generic drugs in India.