The Nifty Midcap index investors looking to capitalize on growth opportunities. With a variety of stocks showing strong bullish trends, this segment of the market is ripe for potential gains. Below are some of the most promising midcap stocks that are currently displaying bullish momentum, making them attractive candidates for investment.
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Suzlon Energy
- Trend Change Date: 15 May, 2024 @ ₹42.20
- Current Price: ₹78.84
- Performance: 86.82%
Suzlon Energy has seen a remarkable rally, with its stock price nearly doubling since the trend change in May 2024. This renewable energy giant is benefiting from the increasing focus on sustainable energy solutions.
Jubilant FoodWorks
- Trend Change Date: 03 May, 2024 @ ₹462.75
- Current Price: ₹650.25
- Performance: 40.52%
Jubilant FoodWorks, a key player in the food and beverages sector, has shown strong bullish momentum, driven by robust quarterly earnings and expansion in new markets.
Persistent Systems
- Trend Change Date: 06 Jun, 2024 @ ₹3,694.35
- Current Price: ₹4,882.50
- Performance: 32.16%
Persistent Systems has been on a growth trajectory, supported by its strong presence in the IT services sector and consistent performance in delivering innovative solutions.
Lupin Ltd.
- Trend Change Date: 28 Jun, 2024 @ ₹1,621.35
- Current Price: ₹2,093.55
- Performance: 29.12%
Lupin, a leading pharmaceutical company, continues to show bullish trends, backed by its recent product launches and strong market positioning in the healthcare sector.
Aurobindo Pharma
- Trend Change Date: 28 Jun, 2024 @ ₹1,207.60
- Current Price: ₹1,538.20
- Performance: 27.38%
Aurobindo Pharma is riding high on its recent performance, reflecting investor confidence in its growth strategy and consistent revenue generation.
Indus Towers
- Trend Change Date: 25 Jun, 2024 @ ₹344.20
- Current Price: ₹434.35
- Performance: 26.19%
Indus Towers has been performing strongly, benefiting from increased demand for telecom infrastructure as the country continues its digital expansion.
MphasiS
- Trend Change Date: 06 Jun, 2024 @ ₹2,436.30
- Current Price: ₹2,997.65
- Performance: 23.04%
MphasiS, another IT services heavyweight, is showing a bullish trend, supported by its strong financials and growing client base across key markets.
Petronet LNG
- Trend Change Date: 06 Jun, 2024 @ ₹302.40
- Current Price: ₹370.80
- Performance: 22.62%
Petronet LNG is gaining momentum, driven by the rising demand for natural gas and the company’s strategic initiatives to expand its market share.
PI Industries
- Trend Change Date: 05 Jun, 2024 @ ₹3,666.10
- Current Price: ₹4,420.50
- Performance: 20.58%
PI Industries has seen strong upward movement, reflecting its leadership in the agrochemicals space and the positive outlook for the agriculture sector.
Federal Bank
- Trend Change Date: 05 Jun, 2024 @ ₹166.05
- Current Price: ₹199.56
- Performance: 20.18%
Federal Bank is showing bullish signs, with its stock price climbing steadily, driven by strong financial performance and increasing market share in the banking sector.
Honorable Mentions
- Coforge Ltd.: 17.41% performance since 05 Jun, 2024
- Hindustan Petroleum (HINDPETRO): 15.84% performance since 11 Jul, 2024
- Ashok Leyland: 13.40% performance since 23 Jul, 2024
- Dixon Technologies: 13.03% performance since 09 Aug, 2024
- Alkem Laboratories: 10.19% performance since 08 Jul, 2024