January-March quarter result season continuously going on. Especially in the last 15 days, the mid-cap companies like UPL, GIC Housing, Grenuals, Gujarat Ambuja and Navin Fluorine are performing better than expected in terms of Q4 results. The profit has been increased by up to 90 per cent in these companies. So companies stocks has surged by 30 per cent in last two weeks. Experts say that to get better returns investors should invest more in mid cap stocks for short term.
Mid Cap Stocks profit increased in Q4
- Navin Fluorine profit rose by 90 per cent to 31 crore. The company’s revenue has grown by 30 per cent to Rs 189 crore
- UPL profit by rose 25 per cent to Rs 552 crore and revenue has grown by 20 percent to Rs 4340 crore.
- GIC housing finance’s profit rose by 34 per cent to Rs 36 crore and interest income also has been rose by 23.73 per cent to Rs 78.27 crore.
- Everest Industries profit jumped 17 per cent to Rs 12 crore, interest income was up by 7 per cent to Rs. 1313 crore.
Which Stock To Buy Now
Buy Everest Industries
According to the research experts the demand for the company’s products asbestos sheets may increase due to the healthy monsoon. Its advantage looking on company’s volume growth. Eventually the price of raw materials are falling so the cost of product has been decreased. So in this situation one can buy Everest Industries for 6 to 9 day for the profit of Rs. 340 as per our technical reports.