Top Mid-Cap IT and Allied Stocks Investors Should Keep An Eye On

Hindustan Zinc – Mining Diversified: Hindustan Zinc (Market Cap: Rs 1.94 lakh crore, Close Price: Rs 461.50) offers steady performance in the diversified mining sector. With a P/E ratio of 18.74, PB ratio of 14.56, and ROE of 72.6%, it delivers reliable returns despite a modest one-year decline of -8.41%. Investors seeking long-term stability in mid-cap metals may find it appealing.

Solar Industries India – Commodity Chemicals: Solar Industries (Market Cap: Rs 1.30 lakh crore, Close Price: Rs 14,215) excels in explosives and chemical solutions, with impressive 6M returns of 30.77% and a P/E ratio of 108.22. ROE of 30.32% signals efficient operations, making it a growth-oriented mid-cap stock worth tracking for high-performing chemical sector investments.

HDFC Asset Management Company – Asset Management: HDFC AMC (Market Cap: Rs 1.24 lakh crore, Close Price: Rs 5,883.50) continues to attract attention in the asset management sector. With a 1Y return of 33.33%, P/E of 50.69, and ROE of 32.36%, it’s an appealing option for investors looking to capitalize on India’s expanding financial services and mutual fund growth.

Muthoot Finance – Consumer Finance: Muthoot Finance (Market Cap: Rs 1.22 lakh crore, Close Price: Rs 3,060.80) remains strong in gold-backed consumer lending. A one-year return of 51.16%, P/E of 22.94, and ROE of 19.13% underline its potential for high returns, especially in mid-cap financials focusing on retail credit.

Mazagon Dock Shipbuilders – Shipbuilding: Mazagon Dock (Market Cap: Rs 1.20 lakh crore, Close Price: Rs 2,939.50) combines defense contracts with shipbuilding expertise. Its P/E ratio of 49.75, ROE of 34.03%, and 1Y return of 36.15% highlight strong industrial performance, making it a noteworthy pick for investors seeking defense and manufacturing exposure.

Polycab India – Electrical Components: Polycab India (Market Cap: Rs 1.15 lakh crore, Close Price: Rs 7,620) shines in electrical components and equipment. With a 6M return of 51.63% and ROE of 22.26%, it demonstrates strong growth potential and solid operational efficiency, appealing to mid-cap investors interested in infrastructure and utilities support sectors.

Max Healthcare Institute – Hospitals and Diagnostics: Max Healthcare (Market Cap: Rs 1.13 lakh crore, Close Price: Rs 1,157) offers mid-cap exposure to healthcare services. Although 1M return is -5.70%, its consistent ROE of 12.10% and PB ratio of 12.14 indicate steady fundamentals. Ideal for long-term investors targeting healthcare and diagnostics growth. Please note the above information is for education purposes only and is based on Tickertape data. Investors should do their own research before making any financial decisions.

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