28 Midcap Stocks to Invest in Right Now

Would you like to eat a set thali, or do you like to choose from an a la carte menu? Or even just a quick bite from a fast food joint? You could do any of these for dining out, but when it comes to investments, Wealth Insight readers would probably like to observe the great chefs at work and learn from their recipes. And that's exactly what we have for you in this innovative feature. At Value Research, our expertise lies in evaluating mutual funds and that's something we have been doing for over two decades. Since picking mid-cap stocks can be a challenge, we decided to observe what mix of ingredients and spices four select fund managers use to cook up their portfolios. To arrive upon our selection of mid-cap stocks, we created a mix of quantitative and qualitative parameters. We narrowed the hunt down to four funds that have come out unscathed through the years across different markets cycles. These are Axis Midcap managed by Pankaj Murarka, HDFC Equity managed by Prashant Jain, IDFC Premier managed by Kenneth Andrade, and ICICI Prudential Value Discovery is managed by Mrinal Singh, giving the necessary variety. In the first step, the combined unique universe of stocks that these funds invest in added up to 170 unique stocks. Of these, we excluded the large-cap stocks, which brought the list down to 132 mid-cap stocks with market cap ranging from ₹230 crore in case of Career Point to ₹20,000 crore for ABB. We next excluded stocks that were highly over valued. We also excluded stocks where these funds were reducing their holdings as well as those where the holdings were insignificant. Finally, we also excluded companies with consistently falling RoE. This left us with a universe of 28 companies-our final list that we present here for you. Amara Raja Batteries The second largest lead-acid battery manufacturer in India has challenged old