MUMBAI: At a time when all of the large-cap companies are struggling to grow, about 80 midcaps have reported consistent increase in revenues across the past four quarters.
Most of the consistent performers are financial service companies such as Manapuram Finance, Motilal Oswal, Capital First, Equitas Holding, Repco Home and Ujjivan Finance.
However, there are a few from other sectors like Tata ElxsiBSE 0.36 %, First Source, Gulf Oil Lubricants and Delta Corp that are performing rightly. Most of these companies have grown between 15% and 100% in the previous four quarters in terms of revenues & 15-200% in terms of profits.
Shares of all these companies except a few like Tata Elxsi and Orient Refractories have exceeded the Sensex and BSE Midcap indices. While Sensex and BSE Midcap index gained 1% and 12%, respectively in the final one year, stocks similar to Mannapuram, Capital First, Gulf Oil and Delta Corp gained 40-200%.