10 Best Midcap Stocks for 2017 that posted good Q3 results

Best Midcap Stocks for 2017 that posted good Q3 resultsBest Midcap Stocks for 2017 that posted good Q3 results


Midcap stocks are one which can provide amazing returns to investors. However, they need to be picked up at right time when they are top performers in their revenues and profit growth. I have filtered midcap stocks that have provided good revenue growth and margin growth in their Q3 (Dec Qtr) results. There are good midcap stocks that grown upto 120% in revenues in Dec-16 Qtr compared to previous year quarter. There are companies which declared amazing profits upto 780% growth rate. Which are the top 10 best midcap stocks for 2017 which you can consider based on Dec-16 Qtr results? Which are the 10 best midcap stocks that have grown at high rate in their margins?

Also Read: Best Infra Mutual Funds to double your money in short term

10 Best Midcap Stocks for 2017 that posted good Q3 results


Many midcap companies in India have posted Q3 FY17 results in the last 30-45 days. I have considered below parameters while filtering midcap stocks that gave good results.

  1. Picked-up stock that has delivered revenue of 20% growth rate in Q3FY17 compared to Q3FY16.
  2. Picked-up stock that have earned profits / margins of 20% growth rate in Q3FY17 compared to Q3FY16.
  3. Picked-up stocks that shown jump in profit %age (Profits over revenues) in Q3FY17 compared to Q3FY16.

Top 10 Best Midcap Stocks for 2017 posted amazing Q3FY17 results


These Top 10 midcap stocks can be reviewed further and we can invest during market corrections.

Top#1 – Maharastra Seamless – CMP Rs 312


Company is the largest Manufacturer of Seamless Steel Pipes and Tubes in India.

  • Company posted revenue of Rs 421 Crores for Dec-16 Qtr Vs Rs 190.6 Crores in previous year quarter ended Dec-15 indicating revenue growth of 121% YoY.
  • Company posted Profits of Rs 43.7 Crores for Dec-16 Qtr Vs Rs 5 Crores in previous year quarter ended Dec-15 indicating growth of 782% YoY.
  • Profits are at 10% of revenues for Dec-16 Qtr Vs 3% for Dec-15 Qtr. This indicates strong growth in profits.

This is figured in our list as one of the best midcap stock for 2017 that turned its profits from 3% to 10%.

Top#2 – Glenmark Pharma – CMP Rs 939


 It is a research driven global pharmaceutical organization focused on discovering novel molecules and developing high-quality generics and specialty products for markets across the globe.

  • Company posted revenue of Rs 2,535 Crores for Dec-16 Qtr Vs Rs 1,756 Crores in previous year quarter ended Dec-15 indicating revenue growth of 44% YoY.
  • Company posted Profits of Rs 477 Crores for Dec-16 Qtr Vs Rs 169.9 Crores in previous year quarter ended Dec-15 indicating growth of 181% YoY.
  • Profits are at 19% of revenues for Dec-16 Qtr Vs 10% for Dec-15 Qtr Indicating a strong growth.

Top#3 – Motilal Oswal – CMP Rs 645


Motilal Oswal Financial Services Ltd. (BSE, NIFTY, NASDAQ, Dow Jones, Hang Seng) is a diversified financial services firm offering a range of financial products and services such as Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Private Equity, Investment Banking, Commodity Broking and Home Finance.

  • Company posted revenue of Rs 423 Crores for Dec-16 Qtr Vs Rs 284 Crores in previous year quarter ended Dec-15 indicating revenue growth of 49% YoY.
  • Company posted Profits of Rs 89 Crores for Dec-16 Qtr Vs Rs 50 Crores in previous year quarter ended Dec-15 indicating growth of 78% YoY.
  • Profits are at 21% of revenues for Dec-16 Qtr Vs 18% for Dec-15 Qtr. This indicates strong growth in profits.
  • This is figured in our list as one of the top midcap stock for 2017 that improved its profits from 18% to 21%.

Top#4 – Biocon Ltd – CMP Rs 1,109


Biocon Limited is an Indian biopharmaceutical company based in Bangalore. The Company manufactures generic active pharmaceutical ingredients (APIs) that are sold in the developed markets of the United States and Europe. It also manufactures biosimilar Insulins, which are sold in India as branded formulations and in both bulk and formulation forms.

  • Company posted revenue of Rs 1,044 Crores for Dec-16 Qtr Vs Rs 836 Crores in previous year quarter ended Dec-15 indicating revenue growth of 25% YoY.
  • Company posted Profits of Rs 171 Crores for Dec-16 Qtr Vs Rs 103 Crores in previous year quarter ended Dec-15 indicating growth of 66% YoY.
  • Profits are at 16% of revenues for Dec-16 Qtr Vs 12% for Dec-15 Qtr. This indicates strong growth in profits.

Also Read: 5 Upcoming IPO's in India to watch in 2017

Top#5 – Godrej Properties – CMP Rs 367


A subsidiary of Godrej Industries Ltd, the company was established in the year 1990 under the leadership of Adi Godrej. The company is currently developing projects that are estimated to cover more than 89.7 million square feet.[4] It is operational in 12 major cities across India including Chandigarh, Gurgaon, Ahmedabad, Kolkata, Nagpur, Mumbai, Pune, Hyderabad, Mangalore, Bengaluru, Chennai and Kochi

  • Company posted revenue of Rs 518 Crores for Dec-16 Qtr Vs Rs 422 Crores in previous year quarter ended Dec-15 indicating revenue growth of 23% YoY.
  • Company posted Profits of Rs 77 Crores for Dec-16 Qtr Vs Rs 52 Crores in previous year quarter ended Dec-15 indicating growth of 49% YoY.
  • Profits are at 15% of revenues for Dec-16 Qtr Vs 12% for Dec-15 Qtr.

Top#6 – UPL Limited – CMP Rs 709


UPL is focused on emerging as a premier global provider of total crop solutions designed to secure the world's long-term food supply.

  • Company posted revenue of Rs 3,987 Crores for Dec-16 Qtr Vs Rs 3,096 Crores in previous year quarter ended Dec-15 indicating revenue growth of 29% YoY.
  • Company posted Profits of Rs 459 Crores for Dec-16 Qtr Vs Rs 310 Crores in previous year quarter ended Dec-15 indicating growth of 48% YoY.
  • Profits are at 12% of revenues for Dec-16 Qtr Vs 10% for Dec-15 Qtr. This indicates strong growth in profits.

Top#7 – Edelweiss Financial – CMP Rs 128


The Edelweiss Group is one of India's leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss's products and services span multiple asset classes and consumer segments across domestic and global geographies.

  • Company posted revenue of Rs 1,605 Crores for Dec-16 Qtr Vs Rs 1,341 Crores in previous year quarter ended Dec-15 indicating revenue growth of 20% YoY.
  • Company posted Profits of Rs 155 Crores for Dec-16 Qtr Vs Rs 105 Crores in previous year quarter ended Dec-15 indicating growth of 47% YoY.
  • Profits are at 10% of revenues for Dec-16 Qtr Vs 8% for Dec-15 Qtr.

Top#8 – IIFL Holdings – CMP Rs 373


IIFL Holdings Ltd, formerly known as India Infoline Limited, offers a gamut of services including financing, wealth and asset management, broking, financial product distribution, investment banking, institutional equities, realty and property advisory services through its various subsidiaries.

  • Company posted revenue of Rs 1,270 Crores for Dec-16 Qtr Vs Rs 991 Crores in previous year quarter ended Dec-15 indicating revenue growth of 28% YoY.
  • Company posted Profits of Rs 179 Crores for Dec-16 Qtr Vs Rs 126 Crores in previous year quarter ended Dec-15 indicating growth of 41% YoY.
  • Profits are at 14% of revenues for Dec-16 Qtr Vs 13% for Dec-15 Qtr.

Top#9 – Bajaj Finance – CMP Rs 1,080


Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an Indian Non-Banking Financial Company. The company deals in Consumer Finance, SME and Commercial Lending, and Wealth Management.

  • Company posted revenue of Rs 2,702 Crores for Dec-16 Qtr Vs Rs 2061 Crores in previous year quarter ended Dec-15 indicating revenue growth of 31% YoY.
  • Company posted Profits of Rs 555 Crores for Dec-16 Qtr Vs Rs 408 Crores in previous year quarter ended Dec-15 indicating growth of 36% YoY.
  • Profits are at 21% of revenues for Dec-16 Qtr Vs 20% for Dec-15 Qtr. This indicates strong growth in profits.

Also Read: Top 15 Stock Picks recommended by leading brokers in India

Top#10 – The Ramco Cements – CMP 666


Ramco Cements Limited is the flagship company of the Ramco Group, a business group based in Chennai, South India. It is the fifth largest cement producer in India.

  • Company posted revenue of Rs 1,111 Crores for Dec-16 Qtr Vs Rs 821 Crores in previous year quarter ended Dec-15 indicating revenue growth of 35% YoY.
  • Company posted Profits of Rs 151 Crores for Dec-16 Qtr Vs Rs 117 Crores in previous year quarter ended Dec-15 indicating growth of 29% YoY.
  • Profits are at 14% of revenues for Dec-16 Qtr Vs 14% for Dec-15 Qtr.

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Suresh

Best Midcap Stocks for 2017 that posted good Q3 results

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