After a sharp correction earlier this year, the outlook is turning more constructive for the midcap and smallcap stocks. While largecaps should continue to remain the anchor of portfolios due to relatively better valuations and downside protection, the incremental allocation case has shifted towards select small and midcap stocks as earnings breadth improves, return on equity converges, and reflation provides support. Here are the top 10 midcaps stocks YTD.
Oracle has emerged as the top-performing midcap stock on a YTD basis with a gain of 52.91%. The stock has also delivered 33.71% returns over one year and 200.1% over three years.
Solar Industries has rallied 50.6% so far this year. The stock is up 23.79% over one year and has gained 400.59% over three years.
Bharat Forge has advanced 48.65% on a YTD basis. The stock has returned 79.66% over one year and 151.11% over three years.
Sona BLW Precision has gained 47.27% so far this year. It has also delivered 47.16% returns over one year and 29.93% over three years.
Bandhan Bank has risen 46.28% on a YTD basis. The stock is up 14.05% over one year, while its three-year return stands at -0.47%.
CG Power and Industrial Solutions has gained 39.71% so far this year. The stock has also returned 35.58% over one year and 114.14% over three years.
BSE has climbed 36.19% on a YTD basis. The stock has delivered 46.41% returns over one year, while its three-year return stands flat.
Federal Bank has advanced 30.64% so far this year. The stock has gained 64.23% over one year and 158.67% over three years.