​5 midcap stocks rallied over 100% in FY24; do you own any?

In the current fiscal year FY24, the S&P BSE Midcap index has significantly outperformed the benchmark Sensex. The midcap index has witnessed a remarkable 32% surge, while the Sensex has experienced a modest gain of 10.5%. Throughout this impressive rally, a majority of midcap stocks have delivered double-digit price returns.

ETMarkets has identified nine stocks that have surged by over 80% in FY24 so far, and among them, five stocks have more than doubled investors' wealth in just a little over six months. Intriguingly, most of these stocks exhibit more strengths than weaknesses, according to Trendlyne data. (Data Source: ACE Equity)

Previous Close: Rs 75 | 52-week high: Rs 93
- Improving cash flow from operation for last 2 years
- Annual net profits improving for last 2 years
- Book value per share improving for last 2 years
- Company with zero promoter pledge

Previous Close: Rs 283 | 52-week high: Rs 294
- Growth in quarterly net profit with increasing profit margin (YoY)
- Increasing revenue every quarter for the past 2 quarters
- Annual net profits improving for last 2 years
- Company with zero promoter pledge
- FII / FPI or Institutions increasing their shareholding

Previous Close: Rs 70 | 52-week high: Rs 84
- Growth in net profit with increasing profit margin (QoQ)
- Book value per share improving for last 2 years
- Company with zero promoter pledge

Previous Close: Rs 47 | 52-week high: Rs 51
- Growth in quarterly net profit with increasing profit margin (YoY)
- Increasing revenue every quarter for the past 4 quarters
- Annual net profits improving for last 2 years
- Book value per share improving for last 2 years
- Company with zero promoter pledge

Previous Close: Rs 244 | 52-week high: Rs 254
- Increasing revenue every quarter for the past 4 quarters
- Annual net profits improving for last 2 years
- Book value per share improving for last 2 years
- Company reducing debt
- FII / FPI or Institutions increasing their shareholding

Previous Close: Rs 11 | 52-week high: Rs 12
- ROA improving since last 2 year
- Improving cash flow from operation for last 2 years
- Company with zero promoter pledge
- FII / FPI or Institutions increasing their shareholding

Previous Close: Rs 5312 | 52-week high: Rs 5421
- Company with low debt
- Annual net profits improving for last 2 years
- Book value per share improving for last 2 years
- Company with zero promoter pledge
- FII / FPI or Institutions increasing their shareholding

Previous Close: Rs 128 | 52-week high: Rs 149
- Company with low debt
- Annual net profits improving for last 2 years
- Book value per share improving for last 2 years
- Company with zero promoter pledge
- FII / FPI or Institutions increasing their shareholding

Previous Close: Rs 44 | 52-week high: Rs 49
- ROA improving since last 2 year
- Growth in quarterly net profit with increasing profit margin (YoY)
- Increasing revenue every quarter for the past 4 quarters
- Annual net profits improving for last 2 years
- Company with zero promoter pledge