It's been a fantastic 2-years for mid cap stocks, with the mid cap indices beating gains seen in the Sensex during this period.
It's also been 2 years that the Narendra Modi Government is in power. Here are 7 midcap stocks that saw whopping gains in the last two years.
If there is one stock that has given superlative returns in the last two years, it has to be Bajaj Finance.
The stock has been on a roll in the last two years, jumping from Rs 1770, on May 21, 2014 to the current levels of Rs 7700. The rally has largely been led by solid financial performance by the company.
Getting almost 4-5 times of investment in 2 years is definitely fantastic.
Ashok Leyland has been another fantastic performer in the last 2 years.
The stock has jumped from levels of Rs 29 in May 2014 to the current levels of Rs 99, rising almost 3.5 times in the process. The heavy commercial vehicle makes has also backed the rally through good financial performance.
A lot of FMCG and stocks have done well in the last 2 years and one among them is Britannia.
The biscuit to dairy major, has shown superb growth in profits and sales in the last two years. The stock which was trading at Rs 894, two years back, is now at Rs 3000. Not bad for a midcap stock.
Oil marketing company's have had a splendid run in the last 1 year, thanks to a sharp drop in crude prices.
HPCL has seen its profits soar thanks to a drop in crude prices. The stock has jumped 250 per cent in the last 2 years.
Marico, the makers of Prachute Oil and a host of other products, like other FMCG major, Britannia has seen tremendous growth.
Volumes in the last few years and rapid additions to portfolio has helped the company. The stock has moved from Rs 115 in May 2014 to in 244 in May 2016.
Berger Paints, has also benefited from a drop in crude prices, as it is one of the key inputs in the manufacture of paints.
This has led to good financial performance at the company, with the stock following suit.
3M India is another stock that gained, jumping from Rs 3774 to Rs 12,708 in the last 2 years.
The company has a presence in very wide areas ranging from display and graphics to electronics, electrical & communications to office products.