As Samvat 2079 ends, marked by remarkable volatility, the Nifty has reached an all-time high of 20,222.45 this year, giving big gains. Interestingly, the Nifty MidCap 100 has outperformed, delivering a remarkable 30% return over the past year, outperforming the headline index.
As we step inside Samvat 2080we look at 10 mid-cap stocks poised to offer potential returns based on sector outlook and individual company strength, as listed by ET Markets.
APL Apollo Tubes | Target: Rs 1,950 | Above: 24%
As we step inside Samvat 2080we look at 10 mid-cap stocks poised to offer potential returns based on sector outlook and individual company strength, as listed by ET Markets.
APL Apollo Tubes | Target: Rs 1,950 | Above: 24%
- APL Apollo Tubes is expected to benefit from increased production at the Raipur plant, resulting in higher EBITDA/t. With a buy rating, the stock is valued at 33x PE as of September 2025 EPS. This recommendation is from Axis Securities.
Bharat Dynamics | Target: Rs 1,260 | Above: 26%
- Engaged in a wide range of missile manufacturing, government PSU Bharat Dynamics is gaining from the government’s emphasis on defense platform indigenization, leading to potential for large order inflows.
Polycab India | Target: Rs 5,877 | Above: 19%
- As India’s largest cable and wire manufacturer, Polycab also excels in manufacturing FMEG (Fast Moving Electrical Goods) products. This recommendation is from SBI Securities.
Astral | Target: Rs 2,150 | Above: 17%
- Astral, anticipating strong demand continuation, enjoys an optimistic outlook with increased FY24 volume guidance, according to Axis Securities.
KPIT Technologies | Target: Rs 1,500 | Better: 23%
- Positioned with a resilient business model and robust earnings visibility, KPIT Technologies is well placed to capture growth opportunities in the industry. This recommendation is from Axis Securities.
Navin Fluorine International | Target: Rs 4,007 | Above: 13%
- Navin Fluorine’s completion of a dedicated agrochemical intermediate project and the launch of a fifth molecule from its MPP project are factors contributing to its positive earnings outlook. This recommendation is from Prabhudas Lilladher.
Zee Entertainment Enterprises (ZEEL) | Target: Rs 314 | Above: 14%
- The recent NCLT order on the ZEEL-Sony merger resolves uncertainty, offering a win-win situation with potential synergies and growth. This recommendation is from Prabhudas Lilladher.
Coforge | Target: Rs 5,920 | Above: 15%
- Coforge aims to become a major player in the sector, evident in its consistent growth and smaller deals, making it a credible contender. This recommendation is from JM Financial.
Kaynes Technologies | Target: Rs 2,765 | Better: 27%
- Operating in the Indian Electronic System Design and Manufacturing market, Kaynes is strategically positioned for growth, driven by favorable policies and market dynamics. This recommendation is from IIFL.
Godrej Industries | Target: Rs 783 | Better: 27%
- The main value driver for Godrej Industries originates from its publicly listed subsidiaries and affiliate companies, such as Godrej Consumer, Godrej Properties and Godrej Agrovet. Beyond these units, GIL runs an independent petrochemical business, with its palm oil business operations controlled by its wholly owned subsidiary, Godrej International. In addition, the company ventured into housing finance with the establishment of Godrej Capital. This recommendation is from IIFL.