Top Mid-Cap Stocks to Invest In During May 2021: A Comprehensive Guide

Investing in the right mid-cap stocks can significantly enhance your portfolio. Here, we explore some of the best mid-cap stocks available for investment in May 2021, along with their fundamental strengths and growth prospects.

Top Mid-Cap Stocks with Solid Fundamentals

Kajaria Ceramics

Kajaria Ceramics, with a current market price (CMP) of 935, is showcasing remarkable fundamentals and strong growth opportunities. This company is a leader in the ceramics industry, known for its innovative and environmentally friendly products.

Deepak Nitrate

Deepak Nitrate, with a CMP of 1846, is one of the leading chemical manufacturing companies in India. It is well-recognized for its extensive range of products, which cater to industries including colourants, agrochemicals, pharmaceuticals, rubber, and fine chemicals. Notable achievements include its status as the world leader in 2,4-Xylidine and 2,6-Xylidine and the second-largest producer of DASDA. Over the past three years, the company has demonstrated impressive profit and revenue growth, making it an attractive investment option.

Pros:

70.05% profit growth over the past three years 21.84% revenue growth over the past three years Significant decrease in debt by 120.07 Cr over the past three years 1.09% increase in mutual fund holding in the last three months Good long-term investment potential

Cons:

High EV/EBITDA of 45.12

APL Apollo

APL Apollo, with a CMP of 860, is another strong candidate in the mid-cap segment. As a diversified company, it offers a wide range of products and services, contributing to its strong growth prospects and solid fundamentals.

Coforge

Coforge, with a CMP of 3300, stands out for its excellent performance and future growth opportunities. This company is known for its robust IT services and solutions, providing both domestic and international clients with high-quality services.

Polycab

Polycab, with a CMP of 2150, is a well-established player in the electrical and electronics industry. It has a strong presence in India and has consistently demonstrated good growth and financial stability.

Additional Mid-Cap Stocks Worth Considering

Minda Industries, Persistent Systems Limited, Vinati Organic, Dixon Technologies, Polycab, Jubilant FoodWorks, Clean Science, Astral Limited, Supreme Industries Ltd, and Abbott India are all fundamentally strong companies with good buying prices. These stocks present excellent opportunities for investors looking to diversify their portfolios.

CDSL - Leading in Mid-Cap Stocks

CDSL, with a significant rise from 530 to 971, is another great mid-cap stock to consider. It has immense potential and is expected to reach 1500 by January 2022, indicating a strong growth trajectory.

BATA India and Whirlpool

BATA India and Whirlpool are also strong picks for mid-cap investments. BATA India, despite it being corrected due to the second wave of the COVID-19 pandemic, still holds a strong position in the market. Whirlpool, an international player with a significant presence in India and efficient brand value, is expected to benefit from the growing demand for air conditioners and refrigerators due to global warming and increased purchasing power.

Deepak Nitrite and Coforge

Deepak Nitrite, a leading chemical manufacturing company, and Coforge are favored for their strong fundamentals and future growth potential. For instance, Jubilant FoodWorks has shown significant profit and revenue growth over the past three years, making it a compelling investment option.