What are ‘Mid-cap’ stocks? 

As per the latest reclassification of the threshold Market Capitalization of small, mid, and large-cap companies, Mid-cap stocks represent the stocks of companies having a market capitalization between Rs 16,800 crores to Rs 48,900 crores. 

In the past few years, mid-cap stocks have proven to be significantly better than the remaining two peer groups of stocks. Moreover, they aid in diversifying the investment portfolio. 

Importance of High Promoter Holding 

For companies that are still in the growing phase, it is essential for the founders and other top management to have ‘skin in the game’, stick to the plans and execute them effectively. 

For the same to happen, it is important to keep a majority stake with themselves so that all the key decision-making and approvals can be done within due time and without any interruptions. 

Listed below are 4 such Mid-cap stocks with High Promoter Holding. Moreover, these companies have delivered multibagger returns in the past one-year period. 

Fertilisers And Chemicals Travancore Limited 

The Fertilisers & Chemicals Travancore Limited is engaged in the process of manufacturing fertilizers. It operates through the ‘Fertilizers’ and ‘Petrochemicals’ segments. The company’s product portfolio includes Ammonium Sulphate, Ammonium Phosphate, Mixtures, etc. 

The company has a market capitalization of Rs 19,755 crores and its shares were trading at Rs 306.10, up around 0.26 percent at 11:40 AM, as compared to the previous closing price of Rs 305.30. 

It has been able to Deliver Multibagger Returns of around 136 percent in a year. It means that if someone would have invested Rs 1 Lakh in the stock, it would have converted to Rs 2.36 Lakhs within a period of one year. 

Having a glance at the latest shareholding data of the company, promoters hold a 90 percent stake in the company. 

Rail Vikas Nigam Limited 

Rail Vikas Nigam Limited (RVNL) is a special purpose vehicle (SPV) that is engaged in undertaking development projects. It executes all types of railway projects including new

lines, gauge conversion, metro projects, etc. 

Moreover, the company works on a turnkey basis and undertakes the full cycle of project development right from conceptualization to commissioning. 

The company has a market capitalization of Rs 23,560 crores and its shares were trading at a price of Rs 117.15, up 3.67 percent as compared to the previous closing price of Rs 113.00. 

It has been able to deliver multibagger returns of around 273 percent in a year. It means that if someone would have invested Rs 1 Lakh in the stock, it would have converted to Rs 3.73 Lakhs within a period of one year. 

Having a glance at the latest shareholding data of the company, promoters hold a 78.2 percent stake in the company. 

Mahindra CIE Automotive Limited 

Mahindra CIE Automotive Limited is engaged in the business of producing and selling automotive components to original equipment manufacturers and other customers (including suppliers of components) within India as well as overseas. The company has manufacturing facilities present in India, Spain, Germany, etc. 

The company has a market capitalization of Rs 17,179 crores and its shares were trading at at a price of Rs 478.95, up around 5.76 percent as compared to the previous closing price of Rs 452.85 

It has been able to deliver multibagger returns of around 168 percent in a year. It means that if someone would have invested Rs 1 Lakh in the stock, it would have converted to Rs 2.68 Lakhs within a period of one year. 

Having a glance at the latest shareholding data of the company, promoters hold a 68.89 percent stake in the company. 

Jindal Stainless Limited 

Jindal Stainless Limited is an India-based stainless steel manufacturing company offering products such as stainless steel slabs, ferroalloys, blooms, etc. The company derives most of its revenue from the sale of ‘Steel’ products. 

The company has a market capitalization of Rs 24,357 crores and its shares were trading at a price of Rs 294.25, down around 0.52 percent as compared to the previous closing price of Rs 295.80. 

It has been able to deliver multibagger returns of around 147 percent in a year. It means that if someone would have invested Rs 1 Lakh in the stock, it would have converted to Rs 2.47 Lakhs within a period of one year.

Having a glance at the latest shareholding data of the company, promoters hold a 57.94 percent stake in the company. 

Written by Amit Madnani

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